Fayetteville, TN Real Estate
According to census data in the year 2000 there were 3,407 housing units in Fayetteville.
This represents a 4% growth from 3,277 in 1990.
Of those housing units, 3,275 were located in either urbanized areas or urban clusters, and 132 were located in what is classified as a rural area.
Homeownership rate in Fayetteville is about 57%.
Fayetteville's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.11 people.
The majority of houses, apartments or condos in Fayetteville were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 15.40% |
| Two Bedrooms | 35.60% |
| Three Bedrooms | 34.60% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $64,000 |
| Median Price asked for vacant units | $88,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $257 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 37.80% |
| Debt Free | 54.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
