Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,199 people, 1,885 houses or apartments, and a median cost of homes of $326,572, Fayetteville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Fayetteville, accounting for 63.20% of the village's housing units. Other types of housing that are prevalent in Fayetteville include row houses and other attached homes ( 15.10%), duplexes, homes converted to apartments or other small apartment buildings ( 12.55%), and a few large apartment complexes or high rise apartments ( 9.15%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fayetteville. Owner-occupied housing accounts for 76.60% of Fayetteville's homes, and 56.70% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fayetteville's housing was primarily built during this period, from the '40s through the '60s. A full 45.00% of the village's housing hails from this era. Other housing ages represented in Fayetteville include homes built between 1970-1999 ( 25.50%) and housing constructed before 1939 ( 22.15%). There's also some housing in Fayetteville built between 2000 and later ( 7.35%).
Fayetteville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fayetteville during the period has been just 5.66%, which is lower than 70% of US communities.
Appreciation rates are so strong in Fayetteville that despite a nationwide downturn in the housing market, Fayetteville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fayetteville appreciation rates continue to be some of the highest in America, at 8.41%, which is higher than appreciation rates in 74.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fayetteville. Fayetteville appreciation rates in the latest quarter were at 1.77%, which equates to an annual appreciation rate of 7.28%.
Relative to New York, our data show that Fayetteville's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$326,572
for New york
for nation
1,885
$2,133 / per month