Mortgage payment estimates, closing cost breakdowns, and homebuying data for Fayetteville, North Carolina.
Median Home Price
$215K
Population
209K
Avg Monthly Rent
$1,080
Property Tax Rate
0.78% *
* Property tax shown is the North Carolina state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Fayetteville.
Fayetteville vs North Carolina Median
The median home price in Fayetteville is $215,000, which is 37% below the North Carolina state median of $340,000.
Mortgage Calculator — Fayetteville, NC
Pre-filled with Fayetteville median home price and North Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $215K home using North Carolina's 0.78% tax rate and $2,300/yr insurance.
5% Down
$1,742/mo
Down: $10,750
Loan: $204K
P&I: $1,291
Tax: $140
Insurance: $192
PMI: $119
10% Down
$1,667/mo
Down: $21,500
Loan: $194K
P&I: $1,223
Tax: $140
Insurance: $192
PMI: $113
20% Down (No PMI)
$1,419/mo
Down: $43,000
Loan: $172K
P&I: $1,087
Tax: $140
Insurance: $192
Income needed (28% rule): $61K/year with 20% down, $71K/year with 10% down.
Rent vs Buy in Fayetteville
Rent
$1,080/mo
vs
Buy (10% down)
$1,667/mo
Price-to-rent ratio: 16.6 — A ratio between 15-20 means the rent vs buy decision in Fayetteville depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Fayetteville is $215,000, 37% below the North Carolina state median of $340,000. With a population of 208,501, Fayetteville is a mid-size city where home prices tend to be more accessible than in many parts of North Carolina.
Property taxes in North Carolina average 0.78% annually. This moderate property tax rate means a $215,000 home in Fayetteville would carry roughly $140/month in property taxes. Homeowners insurance in North Carolina runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Fayetteville is $1,080/month. The price-to-rent ratio in Fayetteville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Fayetteville offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with North Carolina's NC Home Advantage Mortgage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Fayetteville.