Fayetteville, AR—72704
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fayetteville, AR
As of Oct '25, the median home price in Fayetteville, AR is $356,000, with a year-over-year change of 2.5%. This indicates that home prices in Fayetteville, AR are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | 2.5% |
| Single Family | $357,000 | 2.6% |
| Condos | $241,000 | 7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $249,000 | 5.1% |
3 Bed | $331,000 | 2.2% |
4 Bed | $447,000 | 3.0% |
| 5 Bed | $727,000 | 3.4% |
% of Housing Stock
Rental Trends — Fayetteville, AR
As of July '25, Rentcast reports the average rent in Fayetteville, AR is $1,890, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Fayetteville, AR is studios: $989, 1-bedrooms: $872, 2-bedrooms: $1,440, 3-bedrooms: $1,940, 4-bedrooms: $2,520. The most common rental property sizes in Fayetteville, AR are 2-bedroom and 3-bedroom, accounting for 47.6% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,890 |
| Studio Rent | $989 | $989 |
| 1 Bed Rent | $699 | $872 |
| 2 Bed Rent | $1,450 | $1,440 |
| 3 Bed Rent | $1,900 | $1,940 |
| 4 Bed Rent | $2,550 | $2,520 |
% of Rental Stock
Property Listings — Fayetteville, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Fayetteville, AR is 68. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | -1.0% |
Listing Count | 232 | 10.0% |
| Listings as % of Homes | 1.8% | 10.0% |
Days on Market | 68 | 23.0% |
Demographics — Fayetteville, AR
As of the latest ACS Survey released in 2023, Fayetteville, AR has a population of 29,500, which has increased by 9.9% over the past 5 years. Fayetteville, AR is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 54.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | 9.9% |
% Under 18 | 19.6% | -25.8% |
% Seniors | 10.0% | 14.9% |
% WFH | 14.8% | 155.2% |
% w/ College Degree | 54.7% | 13.5% |
As of the latest ACS Survey released in 2023, Fayetteville, AR is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Fayetteville, AR is hispanic, making up 6.6% of the population. Foreign-born residents account for 5.1% of the population in Fayetteville, AR, and this percentage has decreased by 21.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.9% | -0.6% |
% Black | 3.0% | -58.3% |
% Hispanic | 6.6% | -21.4% |
% Asian | 2.4% | -27.3% |
% Foreign Born | 5.1% | -21.5% |
Mortgage and Risk — Fayetteville, AR
According to HUD data as of 2023, there were 880 mortgage originations in Fayetteville, AR, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Fayetteville, AR. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 880 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Fayetteville, AR
As of 2024, the percent of homes in Fayetteville, AR under the Section 8 program is 1.9%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Fayetteville, AR, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 115 |
Total Units Section 8 | 115 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $341 | $699 | $1,040 |
| 2 Bedroom | -$200 | $1,450 | $1,250 |
| 3 Bedroom | -$150 | $1,900 | $1,750 |
| 4 Bedroom | -$530 | $2,550 | $2,020 |
Affordability — Fayetteville, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $356,000 |
| Median Household Income | $89,000 |