This post, being the third continuation will focus largely on the MSA, rather than Fayetteville proper. Refer to previous posts for recent updates for the City. This will also be a different layout than my normal posts. I intend to supply a lot of useful data points in the post. As well as some additional reading to do in my normal sources sections.

Fayetteville's MSA Population per the census from 2000 to 2022. Source- https://fred.stlouisfed.org/se... + https://fred.stlouisfed.org/da...

2000-01-01 336.893 2001-01-01 338.125 2002-01-01 342.404 2003-01-01 346.913
2004-01-01 349.048 2005-01-01 344.849 2006-01-01 348.072 2007-01-01 351.017
2008-01-01 354.334 2009-01-01 360.355 2010-01-01 490.502 2011-01-01 499.299
2012-01-01 502.910 2013-01-01 509.536 2014-01-01 511.082 2015-01-01 512.548
2016-01-01 517.631 2017-01-01 518.493 2018-01-01 523.805 2019-01-01 527.862
2020-01-01 520.410 2021-01-01 526.153 2022-01-01 529.318

336k in 2000 vs 529k in 2022. 22 years adding 193,000 in population. 8,772 people per year by average. Should be noted that in 2020, Harnett County was added to Fayetteville MSA. Which caused the jump you can see in around 6,000 people between 2020-2021 reporting. Solid growth, and Fayetteville is still looking to continue to recognize and add more to the MSA as Fayetteville continues to develop.

Median Age in the MSA: 33, ~198,000 Households with an average size of 2.6 people living in them, 58% married couples.

~217,000 housing units with a 91% occupancy rate. 57% owner occupied. 69% are Single Unit, 19% Multi Unit, 12% Mobile Home.

$169,900 Median Home Value, 41% of owner occupied units fall within $100k-$200k, 21% under $100k, and 24% between $200-$300k.

$27,416 Per Capita Income / $55,027 Median Household Income.

~24 min Commute, ~14.8% Poverty Rate.

58,878 Reported Veterans

https://censusreporter.org/pro...

This is the unemployment rate since 2021 January to April 2023. Can see a relatively consistent decrease in unemployment during this time period. https://fred.stlouisfed.org/se... + https://fred.stlouisfed.org/da...

2021-01-01 8.2 2021-02-01 8.0 2021-03-01 7.4 2021-04-01 7.1 2021-05-01 7.3
2021-06-01 7.7 2021-07-01 7.2 2021-08-01 6.8 2021-09-01 6.0 2021-10-01 6.0
2021-11-01 5.5 2021-12-01 4.7 2022-01-01 5.4 2022-02-01 5.1 2022-03-01 4.9
2022-04-01 4.5 2022-05-01 4.8 2022-06-01 5.4 2022-07-01 5.6 2022-08-01 5.9
2022-09-01 4.8 2022-10-01 5.1 2022-11-01 5.0 2022-12-01 4.6 2023-01-01 5.1
2023-02-01 5.0 2023-03-01 4.9 2023-04-01 4.3

Let's talk about Market Rents across the MSA: https://www.bestplaces.net/cos...

Studio: $830

1 Bed: $830

2 Bed: $1000

3 Bed: $1380

4 Bed: $1700

Pending Listings By Month from Jan 22- May 23 https://fred.stlouisfed.org/se... + https://fred.stlouisfed.org/da...

2022-01-01 1592 2022-02-01 1619 2022-03-01 1653 2022-04-01 1653 2022-05-01 1726
2022-06-01 1738 2022-07-01 1633 2022-08-01 1521 2022-09-01 1626 2022-10-01 1411
2022-11-01 1260 2022-12-01 1155 2023-01-01 1063 2023-02-01 1231 2023-03-01 1304
2023-04-01 1414 2023-05-01 1559

To conclude Fayetteville: The population is growing steadily and with the intention of further increasing the MSA in the future, Fayetteville and it's surrounding areas are putting themselves in a prime position to continue to grow into one of the larger municipalities in North Carolina. With a strong backbone with the military, a great rental market, and a return of slightly more inventory to the market- Fayetteville is priming for a great finish to 2023.

There are copious amounts of projects and development in the works right now, I am driving by new construction on the way to work everyday, and more clearing and building seems to be popping up all over the place. With Amazon, the Military Plaza, 7-11, 2 Condos sections all being worked on at this time, which is surely going to see a boost to the northern side of Fayetteville's economy and population. Soon I think Bragg Blvd, will genuinely get reinvigorated, and we may even see some of those vacant stores be brought back to life.

Fayetteville is a hot market, with pockets all over the city that are spotlights for investors. The economy is trending upwards, crime is down, population is increasing, and development is all over the place. Additionally with Fayetteville's uniquely cheap prices for the size of the MSA, it's still a prime flipping target for many investors. BRRRR investors are still making great profits, buy & holds are cash flowing well, and STRs are still in demand. Fayetteville offers a little bit of everything... at a discount.

I highly recommend reading the most recent post about Fayetteville (That is linked above) in regards to some more in-depth information about the city and it's market. I will release an update to that post in the same format in another month or so, as I don't want to just spit out the same information with .10 differences if I can avoid it!

Cheers!

For more reading!

https://fred.stlouisfed.org/se...

Fayetteville, North Carolina

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