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These days, finding an affordable place to live in the Fayetteville area can be challenging. Home prices in Fayetteville are now at a median cost of $243,156, higher than the Indiana average of $232,932.
The average cost of rent is $1,003/mo in Fayetteville, primarily driven by the current value of real estate in the Fayetteville area. In Fayetteville, 12.65% of households rent, and 31.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fayetteville is $8,178 per month. Households that rent pay about 12.26% of their income on rent here. Fayetteville’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Williams, IN: less expensive homes
- Oolitic, IN: less expensive homes
- Avoca, IN: higher priced homes
- Bedford, IN: less expensive homes
- East Oolitic, IN: less expensive homes
- Bryantsville, IN: less expensive homes
- Fort Ritner, IN: less expensive homes
- Peerless, IN: equally priced homes
- Yockey, IN: less expensive homes
- Springville, IN: less expensive homes
Cities with Similar Populations
- Mangohick, VA: higher priced homes
- Retsof, NY: less expensive homes
- Redland, OK: less expensive homes
- Meta, MO: less expensive homes
- Mendenhall, PA: higher priced homes
- Memphis, NE: higher priced homes
- Meeks, GA: less expensive homes
- Mechanics Grove, PA: higher priced homes
- Meadow Valley, CA: higher priced homes
- Mcclusky, ND: less expensive homes
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