Bankruptcy Homes in Fayetteville, TN

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Home Value Estimator For Fayetteville, TN

There are currently 8,386 real estate properties in Fayetteville, TN, with a median automated valuation model (AVM) price of $224,203.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fayetteville, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Fayetteville, TN, is $260,448.00, with the most expensive house in Fayetteville, TN, topping out at $2,510,928.00 and the cheapest home in Fayetteville, TN, clocking in at $12,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Fayetteville, TN!

Rent Prices In Fayetteville, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fayetteville, TN, is on a rollercoaster ride. The average rent price in Fayetteville, TN, is $1,140.00. Indeed, when looking to rent in Fayetteville, TN, you can expect to pay as little as $510.00 or as much as $2,700.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Fayetteville, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Fayetteville, TN In 2024

Fayetteville is located in Lincoln, Tennessee, with an estimated municipal population of 7,047 residents. All of the best foreclosed homes for sale in Fayetteville are located in the following zip code areas on 37334. The estimated population per square kilometer (.62 miles) in Fayetteville is 282.

Cost Of Living In Fayetteville, TN

So, about how much do homes cost in Fayetteville? The most recent median value of resident-owned homes in Fayetteville is 105,535. An estimated 47.9 percent of households in Fayetteville own their homes, with an average family size of 2.99. The median household income in Fayetteville is 36,010, with10.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fayetteville, the median commute time of resident workers (in minutes) is 18.9. And last, but certainly not least, are you looking for homes to rent in Fayetteville? If so, the average rent price paid by renters in Fayetteville is 676, according to recent statistics.

Diversity And Demographics In Fayetteville, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fayetteville, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Fayetteville is 40.9, split between 46.7 percent male versus 53.3 female. The percentage of residents who report being married in Fayetteville is 36.3, with an average family size of 2.99.

The percentage of residents who report their race in Fayetteville is as follows:

White 70.2%
Black / African American 26.5%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.3%
Other 0%

Looking for family-friendly neighborhoods in and/or near Fayetteville? Or maybe you are searching for 55+ active adult communities in and/or near Fayetteville?

The percentage of residents who report their age in Fayetteville is as follows:

Under 10 10.2%
Aged 10-19 11.4%
20s 12.8%
30s 14.3%
40s 11.1%
50s 10.5%
60s 13%
70s 8.1%
80+ 8.6%

Best Schools In Fayetteville, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fayetteville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fayetteville.

Pros And Cons Of Living In Fayetteville, Tennessee

How do you know that living in -- or moving to -- Fayetteville is right where you need to be? Perhaps you grew up in Fayetteville or already live nearby; therefore, the decision to buy a home in Fayetteville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fayetteville for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fayetteville:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fayetteville.

Reasons To Move To Fayetteville, Tennessee, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fayetteville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fayetteville, meanwhile, can field multiple offers from more qualified buyers.

Fayetteville, TN Bankruptcy Homes


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