For the month of November 2022 the median home value was $206k up 24.5% yoy, with an market time of 10 days opposed to 50 days this time last year. Hot homes typically sell for around 4% over list, and pending within 4 days on average. Price per sq ft is at $126 up 16.7% yoy. WHEW, that by itself screams excellent news.

Amazon opening up a new warehouse in town, that is seeking to employ 500 full time workers also means an influx of new buyers, not to mention the ever needing cycle of military in Fayetteville who always need places to stay. Almost weekly new soldiers are coming into town. As a point of reference 14.4% of homes are military households. Roughly 55% of the soldiers live intermingled with civilians and not on base. That is a lot of military needing housing, especially since Fort Bragg has roughly 10% of our military assigned to the installation, which is roughly in the neighborhood of 55,000 personnel.

Let's be very clear for anyone wondering, Fayetteville IS NOT your student market. Look elsewhere in NC for investing in student housing. Fayetteville is explicitly popular in STRs/MTRs/LTRs, and Fix Flips are an extremely effective way of earning a return in Fayetteville. House hacking could be viable depending on the location and requires a lot of research before attempting in Fayetteville.

Cumberland county supports a population of 337.8k people with a population growth of 3.2% for the year of 2022.

Conclusion:

Fayetteville offers unique opportunity to investors. It is constantly growing, people are coming and going on the daily, and it will always stay steady in that regard due to such a high military presence with Fort Bragg. Rentals are in extremely high demand, and flippers are slinging homes left and right, and getting a fair market value. Keep your eye on Fayetteville, and don't miss opportunity if it knocks.

Looking for feedback and comments, if you have feedback or anything to add please drop it in here!

I live local in Fayetteville, near the mall. If you want to connect and talk further about Fayetteville or market data please connect and reach out.

Here are the websites used for the data if you want to read more/ do independent research.

https://www.redfin.com/city/59...

https://www.fayobserver.com/st...

https://www.ibisworld.com/unit...

Raleigh, North Carolina

3 Votes