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Fayetteville real estate market overview
- Average Monthly Rent: $1,236
- Home Price/Value Percentage Change: 16.90%
- Median Home Value: $188,606
- Best Time To Sell a Home: June
- Affordability Index: Moderate
- Days To Sell a House: 41
- Job Market: Weak
- Public School Ranking: 29
Location and weather
Fayetteville is located in the Sandhills region of south-eastern North Carolina and is the seat of Cumberland County. This city is best known as the home of Fort Bragg, a US Army post located northwest of the city. Full of historic sites, museums, local breweries, sporting events and shopping areas, Fayetteville is a unique city to live for those who love culture and community.
The weather here is made up of hot summers and short winters, with around 45 inches of rain and 2 inches of snow per year.
Population, job market and cost of living
Fayetteville has a population of 210,883, with a growth rate of 0.38% annually.
The job growth here has decreased by -6.57% over the last year and in ten years, is predicted to have increased by 30.17%. Some of Fayetteville's biggest industries include health care and social assistance, retail trade, and educational services. Some major companies to work for include Capefearvalley, Cape Fear Valley Medical Center, Fayetteville State University, Fayetteville Technical Community College and Purolator Air Filtration. Overall, the cost of living in Fayetteville is less than the US average.
Fayetteville is an affordable place to live, with lower housing costs and a lower overall cost of living than both the state and US average. This city provides its residents and visitors with a suburban aesthetic perfect for families, professionals, and young adults. Thanks to short commutes, a thriving nightlife and an abundance of out-side activities, Fayetteville will continue attracting those looking for a new home.
Fayetteville real estate market details
- Arran Hills
- Arran Lakes West
- Westover
- Rockfish Township
- Hope Mills
- Spring Lake
The average monthly rent in Fayetteville is $1,236 for an average apartment size of 1.012 sq. feet.
There has been a 16.9% increase in median home value over the last year. As of 2023, the median home value is $188,606.
On average, homes in Fayetteville sell after 41 days on the market.
Sales in June can provide homeowners with the most amount of money for their home, while sales in September can provide homeowners with the fastest sale.
The affordability index in Fayetteville is 82. This number indicates moderate affordability in this city.
The top ranked public schools are Massey Hill Classical High School, Jack Britt High School, Cross Creek Early College, Cumberland Polytechnic, and Cape Fear High School. This information is based on student proficiency, performance, and graduation rate assessment.