A typical Fayetteville home is worth about $256,000
Up 3% in a year, 23% below the Tennessee typical home.
What Fayetteville’s housing numbers say
Cheaper than Tennessee, but not next to local paychecks
Homes here cost less than the Tennessee typical home, but incomes are lower still. A typical Fayetteville home costs 5.2 years of the median income, against 4.8 across Tennessee. At Fayetteville’s median household income of $49,000, the calculator below reaches about $200K, $56K short of the typical home. Can I afford it? ↓
About half of Fayetteville rents
51% of households rent their home, 1,464 in all, against 33% across Tennessee. Renting ↓
An older housing stock
Half of Fayetteville’s homes were built before 1964, against 1987 for Tennessee as a whole. Fayetteville has three houses on the National Register of Historic Places, including the Toll Gate House. Older homes can mean character, and also bigger heating and repair bills, so an inspection matters. The homes ↓
Very little new building
Fayetteville permitted 110 new homes over the past 10 years, about 1.6 a year per 1,000 residents. Across Tennessee, the pace in 2025 was 7.8. In 2025, Fayetteville permitted 11. New homes ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through August 2026; permits are Census figures through 2025; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
Up 29.3% in five years
Faster than Tennessee (24.8%).
Show as a table
| January | Fayetteville | Tennessee |
|---|---|---|
| 2017 | $129,000 | $174,000 |
| 2018 | $135,000 | $187,000 |
| 2019 | $144,000 | $198,000 |
| 2020 | $160,000 | $215,000 |
| 2021 | $177,000 | $238,000 |
| 2022 | $212,000 | $287,000 |
| 2023 | $224,000 | $313,000 |
| 2024 | $234,000 | $326,000 |
| 2025 | $243,000 | $334,000 |
| 2026 | $253,000 | $333,000 |
| August 2026 | $256,000 | $334,000 |
A typical Fayetteville home worth $125K in September 2016 is worth about $256K today.
How Fayetteville ranks on rising home prices →
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A typical home costs 5.2 years of income
More than across Tennessee (4.8 years). Try your own numbers below.
That’s $56K short of a typical Fayetteville home.
A two-bedroom rents for about $940 a month here, $520 less than owning.
How Fayetteville ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Fayetteville’s typical property tax (0.56% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $940
Renters already here pay a median of $779, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Bedford County, TN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
11 new homes permitted in 2025
Builders were permitted 11 new homes in Fayetteville in 2025: 8 single-family houses and 3 in buildings with two or more homes, worth about $2.1 million to build. That's 1.6 per 1,000 residents, slower than across Tennessee (7.8). Over the past 10 years, Fayetteville has permitted 110 homes in all.
Between the 2010 and 2020 censuses, Fayetteville gained 241 residents while 226 new homes were permitted: about 1.1 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Tennessee: 2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 6 | 0 | $1 million |
| 2025 | 11 | 8 | 3 | $2.1 million |
| 2024 | 5 | 5 | 0 | $1.2 million |
| 2023 | 8 | 4 | 4 | $1.1 million |
| 2022 | 19 | 6 | 13 | $1.9 million |
| 2021 | 18 | 13 | 5 | $2.8 million |
| 2020 | 1 | 1 | 0 | $325,000 |
| 2019 | 5 | 5 | 0 | $1.3 million |
| 2018 | 16 | 16 | 0 | $2.9 million |
| 2017 | 18 | 18 | 0 | $2.3 million |
| 2016 | 9 | 9 | 0 | $885,000 |
| 2015 | 8 | 8 | 0 | $1.4 million |
| 2014 | 3 | 3 | 0 | $370,000 |
| 2013 | 2 | 2 | 0 | $579,000 |
| 2012 | 4 | 4 | 0 | $897,000 |
| 2011 | 138 | 50 | 88 | $15.6 million |
| 2010 | 23 | 23 | 0 | $3.4 million |
| 2009 | 6 | 6 | 0 | $1.1 million |
| 2008 | 20 | 20 | 0 | $3.5 million |
| 2007 | 12 | 12 | 0 | $2.1 million |
| 2006 | 16 | 16 | 0 | $3.4 million |
| 2005 | 14 | 14 | 0 | $2.8 million |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 4 | 4 | 0 | $819,000 |
| 2002 | 10 | 10 | 0 | $549,000 |
| 2001 | 11 | 3 | 8 | $1.2 million |
| 2000 | 6 | 4 | 2 | $670,000 |
How Fayetteville ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
3 of Fayetteville’s houses are on the National Register
Half of Fayetteville’s homes were built before 1964.
Tennessee: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
On the market in Fayetteville
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Fayetteville buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.