Fayetteville, NC—28304
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fayetteville, NC
As of Oct '25, the median home price in Fayetteville, NC is $196,000, with a year-over-year change of -0.6%. This indicates that home prices in Fayetteville, NC are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | -0.6% |
| Single Family | $196,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | 1.4% |
3 Bed | $190,000 | -0.5% |
4 Bed | $294,000 | 0.0% |
| 5 Bed | $396,000 | 0.5% |
% of Housing Stock
Rental Trends — Fayetteville, NC
As of July '25, Rentcast reports the average rent in Fayetteville, NC is $1,370, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Fayetteville, NC is studios: $1,130, 1-bedrooms: $869, 2-bedrooms: $1,060, 3-bedrooms: $1,540, 4-bedrooms: $1,940. The most common rental property sizes in Fayetteville, NC are 3-bedroom and 2-bedroom, accounting for 41.9% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,370 |
| Studio Rent | $1,290 | $1,130 |
| 1 Bed Rent | $869 | $869 |
| 2 Bed Rent | $1,000 | $1,060 |
| 3 Bed Rent | $1,500 | $1,540 |
| 4 Bed Rent | $1,980 | $1,940 |
% of Rental Stock
Property Listings — Fayetteville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Fayetteville, NC is 49. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 6.0% |
Listing Count | 202 | 28.0% |
| Listings as % of Homes | 0.6% | 28.0% |
Days on Market | 49 | -5.0% |
Demographics — Fayetteville, NC
As of the latest ACS Survey released in 2023, Fayetteville, NC has a population of 36,600, which has remained stable by 0.6% over the past 5 years. Fayetteville, NC is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,600 | 0.6% |
% Under 18 | 24.6% | 5.6% |
% Seniors | 15.0% | 8.7% |
% WFH | 8.2% | 164.5% |
% w/ College Degree | 25.0% | 4.2% |
As of the latest ACS Survey released in 2023, Fayetteville, NC is a predominantly black area, with 39.5% of the population identifying as black. The black population has grown by 5.9% in the last 5 years. The second most common race or ethnicity in Fayetteville, NC is white, making up 35.6% of the population. Foreign-born residents account for 7.6% of the population in Fayetteville, NC, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 35.6% | -18.2% |
% Black | 39.5% | 5.9% |
% Hispanic | 14.0% | 20.7% |
% Asian | 2.7% | -12.9% |
% Foreign Born | 7.6% | 0.0% |
Mortgage and Risk — Fayetteville, NC
According to HUD data as of 2023, there were 775 mortgage originations in Fayetteville, NC, of which 42.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Fayetteville, NC. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 775 |
% Conventional Loans | 42.0% |
% Government Loans | 58.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Fayetteville, NC
As of 2024, the percent of homes in Fayetteville, NC under the Section 8 program is 4.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fayetteville, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 418 |
Total Units Section 8 | 326 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $351 | $869 | $1,220 |
| 2 Bedroom | $390 | $1,000 | $1,390 |
| 3 Bedroom | $380 | $1,500 | $1,880 |
| 4 Bedroom | $350 | $1,980 | $2,330 |
Affordability — Fayetteville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $196,000 |
| Median Household Income | $57,900 |