Fayetteville, NC
Cumberland County · Pop. 208,501
Ranked #28 of 243 cities
56Moderate
Median Home Price
🏠$200K
2.5% YoY
Median Rent
🔑$1,050
2.0% YoY
Median Income
💰$42K
Rent Burden
📊32.5%
% of income to rent
Income to Buy
🏦$58K
annual income needed
Income to Rent
📝$42K
annual income needed
Price-to-Income
⚖️4.8x
Homeownership
🏡48.0%
Rent vs. Buy
Buy
$1,064/mo
Est. mortgage (7%, 20% down)
Need $58K/yr income
Rent
$1,050/mo
Median rent
Need $42K/yr income
How Fayetteville Compares
| Metric | Fayetteville | North Carolina | National |
|---|---|---|---|
| Home Price | $200K | $309K | $410K |
| Rent | $1,050 | $1,245 | $1,500 |
| Income | $42K | $71K | $75K |
| Rent Burden | 32.5% | 31.5% | 30.0% |
Key Takeaways
- • Home prices in Fayetteville are 51% lower than the national average.
- • Rent is 30% lower than the national average.
- • You need an income of $58K to comfortably buy a home here.
- • The homeownership rate is 48.0%, compared to 65.0% nationally.