Fayetteville NC for Brrr strategy

[Christopher Wynn]

There are several compelling reasons why someone should consider buying and holding properties in Fayetteville, North Carolina:

1. Strong Population Growth: Fayetteville is one of the fastest-growing cities in North Carolina, with a population of approximately 210,000 people. The city's population has grown by 11.7% since 2010, which is higher than the national average of 7.6%. This means that there is a growing demand for housing in the area, which is good news for property owners.

2. Affordable Housing: Fayetteville has a relatively low cost of living compared to other cities in North Carolina. The median home value in Fayetteville is $130,000, which is significantly lower than the state average of $204,900. This makes Fayetteville an attractive option for buyers who are looking for affordable housing options.

3. Military Presence: Fayetteville is home to Fort Bragg, one of the largest military installations in the world. The military presence in the area creates a steady demand for housing, as military families are often looking for rental properties or homes to purchase. This means that there is a strong rental market in Fayetteville, which can be a great opportunity for property investors.

4. Strong Rental Market: As mentioned, the military presence in Fayetteville creates a strong rental market. The average rent for a 2-bedroom apartment in Fayetteville is $900 per month, which is lower than the national average of $1,200 per month. This means that rental properties in Fayetteville can generate a steady stream of income for property investors.

5. Potential for Appreciation: While past performance is not always indicative of future results, the Fayetteville housing market has shown some signs of appreciation in recent years. According to Zillow, the median home value in Fayetteville has increased by 5.4% over the past year. This means that property owners in Fayetteville may see their investment appreciate over time.

Overall, Fayetteville offers a strong case for why buying and holding properties in the area can be a smart investment. With a growing population, affordable housing options, a strong rental market, and the potential for appreciation, Fayetteville is worth considering for property investors.