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Fayetteville

Learn about the people, housing, costs and businesses in Fayetteville, Tennessee

Median Home$243,768
Median Rent$798/month
Population7,092
Leading IndustriesRetail · Professional Services27% retail
Home Value Growth⬆⬆⬆+23.6% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners62% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableVeteran Community9% of residents · top 22% nationally
Fayetteville
TN

Frequently Asked Questions

What are today's mortgage rates in Fayetteville?

As of today, the 30-year fixed mortgage rate for Fayetteville is approximately 6.962% (7.000% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fayetteville?

The median home value in Fayetteville is $244k. The median monthly rent is $798. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fayetteville?

Home values in Fayetteville have increased 23.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fayetteville?

Based on a typical all-in ownership cost of $770/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fayetteville is $54k/year.

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What industries drive the economy in Fayetteville?

The largest employment sectors in Fayetteville are retail (27%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.