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Fearrington

Learn about the people, housing, costs and businesses in Fearrington, North Carolina

Median Home$652,500
Median Rent$2,471/month
Population2,574
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality4% professional services
Home Value Growth⬆⬆⬆+28.3% over 2 years
Retirees45% of residentstop 1% nationally
Homeowners80% of occupied units
NotableHighly Educated38% bachelor's · 19% graduate · top 2% nationally
NotableHigh Incomes$131k/year · top 6% nationally
Fearrington Village
NC

Frequently Asked Questions

What are today's mortgage rates in Fearrington?

As of today, the 30-year fixed mortgage rate for Fearrington is approximately 6.817% (6.850% 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 Fearrington?

The median home value in Fearrington is $653k. The median monthly rent is $2,471. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fearrington?

Home values in Fearrington have increased 28.3% 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 Fearrington?

Based on a typical all-in ownership cost of $1,245/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fearrington is $131k/year.

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What industries drive the economy in Fearrington?

The largest employment sectors in Fearrington are public administration (27%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.