Living in Fayetteville, Tennessee
Cost of living, income, home prices, rent and demographics of Fayetteville · Census data 2020–2024
Fayetteville has 7,057 residents with a median age of 34.4. The median household income is $49,223 (29% lower than the Tennessee median), the median home value is $230,800, the median rent is $779/month.
Fayetteville at a glance
- Population
- 7,057
- Median age
- 34.4State: 38.9
- Median household income
- $49,223State: $69,595
- Median home value
- $230,800State: $286,700
- Median rent
- $779/moState: $1,189
- Homeowners
- 48.6%
- Bachelor's degree or higher
- 19.3%
- Average commute
- 28 min
Is Fayetteville a good place to live?
Pros: Home values 19% lower than the state median.
Cons: Median household income 29% lower than the Tennessee median; an average commute of 28 minutes; unemployment of 5.7%; a poverty rate of 16.9%.
The weather is best in April–May and September–October.
Cost of living in Fayetteville
Housing is the biggest part of the cost of living. In Fayetteville the median home value is $230,800, 31% lower than the U.S. median. Renters pay a median of $779 per month, which is 30.6% of household income. Homeowners with a mortgage pay $1,413 a month in housing costs.
Fayetteville median household income
The median household income in Fayetteville is $49,223 and the income per person is $27,629. 16.9% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Fayetteville: homes for sale and rent
- Housing units
- 3,170
- Owner-occupied
- 48.6%
- Renter-occupied
- 51.4%
- Vacant
- 7%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.25
Fayetteville demographics
- Population
- 7,057
- Median age
- 34.4
- Under 18
- 28.3%
- 65 and older
- 20.3%
- Households
- 2,949
- Foreign-born
- 4.2%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Fayetteville ›
Education in Fayetteville
19.3% of adults 25 and older in Fayetteville have a bachelor's degree or higher (Tennessee: 31.1%), and 6.2% have a graduate or professional degree.
Jobs and commute in Fayetteville
- Unemployment rate
- 5.7%State: 4.7%
- Average commute
- 28 minState: 26 min
- Work from home
- 8.1%
- Drive alone
- 85%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 80.1%
Fayetteville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fayetteville | 7,057 | $49,223 | $230,800 | $779 |
| Park City | 2,813 | $95,417 | $216,700 | $795 |
| Flintville | 525 | $55,556 | $236,800 | — |
| Petersburg | 508 | $45,417 | $154,900 | $815 |
| Blanche | 156 | $95,179 | — | — |
| Lynchburg, Moore County metropolitan government | 6,674 | $66,469 | $285,300 | $841 |
| Hazel Green | 3,940 | $86,271 | $230,800 | $992 |
| Huntland | 1,532 | $66,308 | $183,100 | $1,015 |
| Ardmore | 1,384 | $50,352 | $216,600 | $714 |
More for people moving to Fayetteville
Fayetteville ZIP code ›Weather and climate ›Living in Fayetteville: FAQ
What is the median household income in Fayetteville, TN?
The median household income in Fayetteville is $49,223, 29% lower than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fayetteville?
The median home value in Fayetteville is $230,800, compared with $286,700 in Tennessee.
How much is rent in Fayetteville?
The median gross rent in Fayetteville is $779 per month, about 30.6% of household income.
Is Fayetteville, TN a good place to live?
Pluses: home values 19% lower than the state median. Minuses: median household income 29% lower than the Tennessee median; an average commute of 28 minutes; unemployment of 5.7%; a poverty rate of 16.9%.
What is the median age in Fayetteville?
The median age in Fayetteville is 34.4 years (Tennessee: 38.9).
How long is the commute in Fayetteville?
The average commute to work in Fayetteville is 28 minutes; 8.1% of workers work from home.
What is the unemployment rate in Fayetteville?
The unemployment rate in Fayetteville is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fayetteville?
19.3% of adults in Fayetteville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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