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Fayetteville real estate market overview
- Average Monthly Rent: $900
- Home Price/Value Percentage Change: 18.7%
- Median Home Value: $186,204
- Best Time To Sell a Home: June
- Affordability Index: 82
- Days To Sell a House: 42
- 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 market has decreased by -6.57% over the last year. In ten years, job growth is predicted to be 30.17%. The leading industries of this city are in health care, social assistance, retail, food services, and real estate.
Some of the top employers are Purolator Air Filtration, Cape Fear Valley Medical Center, Capefearvalley, Fayetteville State University and Fayetteville Technical Community College. 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.
Fayetteville real estate market details
- Arran Hills
- Arran Lakes West
- Westover
- Rockfish Township
- Hope Mills
- Spring Lake
The average monthly rent in Fayetteville is $900 for a 1-bedroom apartment.
There has been a 18.7% increase in median home value over the last year. As of 2022, the median home value is $186,204.
On average, homes in Fayetteville sell after 42 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.