Foreclosure Homes for Sale in Fayetteville, NC: Everything You Need to Know
Houses in Fayetteville have an average listing price of $160,000, with an appreciation rate of .27%. 41.5% of owners occupy their homes, and 58.5% prefer to rent. The city is made up of 62.4% single-family homes, 3.8% townhomes, 23.6% apartment complexes, 3.1% mobile homes, and 7.32% small apartment buildings. 1.8% of households were built before 1939, 22.8% of homes were built between 1940-1969, the majority of homes (56.5%) were constructed between 1970-1999, and 18.9% are newer constructions from the 2000s to the present.
The Cost of Living in Fayetteville, NC
When moving to a new city, it’s wise to become familiar with the expected monthly expenses to create an accurate budget. We have listed the average monthly costs below to get a better idea of the cost of living in Fayetteville. The cost of living in Fayetteville is 7% lower than the national average.
Median Home Value: $247,758
Median Rent: $776.12
Phone Bill: $169.43
Groceries: $4% lower than the national average
Combined Sales Tax Rate: 10%
Getting Around in Fayetteville
The Fayetteville Area System of Transit (FAST) is the public transportation system for Fayetteville. They have a fleet of 27 buses and provide individual assistance for people with transportation challenges. Three minivans are operated by FAST for Paratransit services. If you travel via bike, you can still ride the public busses as they are equipped with easy to use bike racks.
The Fayetteville Regional Airport is easily accessible for residents and visitors. The Raleigh-Durham International Airport is located 79 miles away in Raleigh, NC. The average one-way commute time in this city is 18.7 minutes, shorter than the US national average of 26.4 minutes.
The Local History
Originally settled in 1739, it is in this city that the seeds of freedom, democracy, and patriotism of America were planted. This region became a center for the government and commerce due to its location. Many defining moments in history have happened in Fayetteville, such as the Liberty Point Resolve of 1775, and the ratification of the US Constitution. The University of North Carolina, America's oldest university, was chartered here. Fayetteville has also recovered from two major calamities: The Great Fire of 1831 and the destruction caused by the Civil War. Today, this city is known for its cultural diversity and military presence.