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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 $201,318, lower than the North Carolina average of $323,314.
The average cost of rent is $1,282/mo in Fayetteville, primarily driven by the current value of real estate in the Fayetteville area. In Fayetteville, 47.08% of households rent, and 37.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fayetteville is $5,512 per month. Households that rent pay about 23.27% 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
- Fort Bragg, NC: equally priced homes
- Hope Mills, NC: higher priced homes
- Pope Air Force Base, NC: equally priced homes
- Eastover, NC: higher priced homes
- Vander, NC: equally priced homes
- Parkton, NC: less expensive homes
- Slocomb, NC: higher priced homes
- Raeford, NC: higher priced homes
- Lumber Bridge, NC: less expensive homes
- Stedman, NC: higher priced homes
Cities with Similar Populations
- Bloomington, MN: higher priced homes
- Boise, ID: higher priced homes
- Bridgeport, CT: higher priced homes
- Buckeye, AZ: higher priced homes
- Bismarck, ND: higher priced homes
- Bowie, MD: higher priced homes
- Boca Raton, FL: higher priced homes
- Bellevue, WA: higher priced homes
- Brooklyn, NY: higher priced homes
- Bellflower, CA: higher priced homes
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