Quick facts: Fayetteville, NC

Quick Facts

100.6
Cost of Living
above US average
208,873
Population
44.37
Crime Rate per 1000
above US average
$53,424
Median Income
below US average
$324,900
Median House Price
above US average
$1811.67
Average Rent
above US average
14%
Poverty Rate
above US average
5.9%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $53,424.

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Income Needed to Buy

βœ— Stretch
$102k/year
Based on $324,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $102k vs median $53,424
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1811.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $53,424
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fayetteville, NC

Fayetteville, North Carolina, is a vibrant city located in the southeastern part of the state. Known for its rich military history, Fayetteville is home to Fort Bragg, one of the largest military installations in the world, which significantly influences the local culture and economy. The city features a blend of urban and suburban environments, offering a diverse range of amenities, recreational options, and historical sites. The downtown area showcases an array of shops, restaurants, and entertainment venues, including the Cape Fear Botanical Garden and the Airborne & Special Operations Museum, which pay homage to the city’s military heritage. For outdoor enthusiasts, the city boasts several parks, trails, and the scenic Cape Fear River. Fayetteville's demographics are diverse, with a population that embraces a mix of cultures and traditions, contributing to a lively arts scene and community events throughout the year. The city also offers a strong educational framework, with institutions like Fayetteville State University providing higher education opportunities. Overall, Fayetteville stands out for its unique blend of military pride, cultural diversity, and community spirit.

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