You may be currently renting in the Fayetteville area or are moving from another area. Before you make the leap into homeownership it’s a good idea to know about the areas in and around Fayetteville. Here are some statistics borrowed from www.trulia.com that will help you with your research of the area.
The biggest thing that Fayetteville is known for is the military post, Fort Bragg located just on the outskirts. Fayetteville’s economy is highly dependent on the military community. Although Fayetteville doesn’t boast a lot of recreational and fun activities to do, it is a day’s drive to North and South Carolina beaches along with the beautiful North Carolina Mountains. The weather can be hot and humid in the summer months, but mild winters and perfect springs and falls make it worth sweating it out in the summer.
The city of Fayetteville is working hard to revitalize the downtown area with new housing developments along with the addition of a baseball stadium that will host the Single A farm team for the Houston Astros.
According to Trulia, the unemployment rate is 6.10%. The cost of living is 12.1% lower than the rest of the US, which makes Fayetteville a city that you will get more for your money when looking for housing. The median home price for a home in the Fayetteville area is $109,000 with the appreciation being at 5.3% Fayetteville’s schools offer a student teacher classroom ratio of 14-1.
Fayetteville is in the county of Cumberland. Within this county are many neighborhoods with new construction where you can get a lot for your money. There are many home developers here so there is a lot to choose from.
Existing home inventory is at a good point currently, so Fayetteville and the surrounding areas are able to provide a wide selection of any type of housing you would be looking for.