Living in Fayetteville, NC
Fayetteville, NC, is a thriving community offering a blend of historical significance and modern living. With its rich military heritage and diverse population, it provides various amenities and activities for all residents. Families are attracted to the area due to its education options and extensive outdoor activities.
Current Market Conditions in Fayetteville, NC
The real estate market in Fayetteville is currently favorable for both investors and homebuyers. With a steady increase in population, driven largely by military personnel and their families, the demand for housing remains strong. Various housing types are available, from single-family homes to apartments, catering to different income levels.
In recent years, Fayetteville has seen a rise in property values, making it an attractive option for real estate investors. With ongoing developments and an increasing job market, the area is poised for continued growth, ensuring investment opportunities are likely to yield positive returns.
Home Value Estimator For Fayetteville, NC
There are currently 68,550 real estate properties
in Fayetteville, NC,
with a median automated valuation model (AVM) price
of $192,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fayetteville, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Fayetteville, NC,
is $217,029.00, with the most expensive house
in Fayetteville, NC, topping out
at $20,973,071.00 and the cheapest home
in Fayetteville, NC,
clocking in at $10,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fayetteville, NC!
Rent Prices
In Fayetteville, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fayetteville, NC, is on
a rollercoaster ride. The
average rent price in Fayetteville, NC,
is $1,073.00. Indeed, when looking to rent in
Fayetteville, NC, you can expect to pay as little
as $430.00 or as much
as $3,800.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Fayetteville, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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