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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 $236,711, lower than the Tennessee average of $315,131.
The average cost of rent is $935/mo in Fayetteville, primarily driven by the current value of real estate in the Fayetteville area. In Fayetteville, 31.81% of households rent, and 54.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fayetteville is $5,441 per month. Households that rent pay about 17.18% of their income on rent here. Fayetteville’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kelso, TN: less expensive homes
- Howell, TN: higher priced homes
- Flintville, TN: less expensive homes
- Taft, TN: equally priced homes
- Pearl City, TN: higher priced homes
- Coldwater, TN: higher priced homes
- Mulberry, TN: higher priced homes
- Smithland, TN: less expensive homes
- Elora, TN: less expensive homes
- Hughey, TN: higher priced homes
Cities with Similar Populations
- Secaucus, NJ: higher priced homes
- Neosho, MO: less expensive homes
- Princeton Junction, NJ: higher priced homes
- Republic, MO: equally priced homes
- Rocky Hill, CT: higher priced homes
- Rosamond, CA: higher priced homes
- Rosedale, MD: higher priced homes
- Rotterdam, NY: equally priced homes
- Round Lake, IL: higher priced homes
- Saco, ME: higher priced homes
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