Quaint and charming, Fayetteville, North Carolina may be the perfect place to call home. The rent to own options here are plentiful and home prices tend to be affordable. All of this helps to contribute to the desire of individuals to purchase rental property or homes for sale here. The city is in Cumberland County and is home to more than 205,000 people. It is perhaps best known as the home of Fort Bragg, a US Army installation located just to the north of the city itself. As a result, many people enjoy living in this area due to the proximity of the base.
Fayetteville, NC is a great place for affordable rent-to-own homes! With a median household income of over $46,321 and a median rent of $960, the Fayetteville, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Fayetteville, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Fayetteville, NC is seeing rapid growth and Fayetteville, NC's' housing market remains optimal with an average home price that is -38% below the 2023 national average. Fayetteville, NC is part of Cumberland county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Cumberland is 1.14% which is above the national average, which is 0.99%.
While Fayetteville has a higher violent crime rate, it's listed as number 8 on the list of the top 25 safest cities in North Carolina. It's also listed as number 74 out of the 182 safest cities in the US.
Yes, it does. Fayetteville is approximately 84 miles from the shore, and North Carolina hurricanes can go 100-200 miles inland and still cause significant damage.
The average cost of daycare in Fayetteville, NC, is $98.37 a day (9 hours), which is above the national average of $40 a day.
The median cost of a house in Fayetteville, NC, is $180,000, which is below the national average of $295,300.