Fayetteville is a city in Cumberland County, North Carolina, with a population of close to 200,000 individuals and a size of 60 square miles. If the area surrounding Fayetteville is included, then the area has a population of close to 350,000 individuals. Fayetteville is located towards the southern part of North Carolina, although it is still relatively close to the center of the state. Fayetteville is located along the Cape Fear River. People in Fayetteville are known to have a median income of close to $36,000, which is particularly significant in terms of the prices of Fayetteville real estate.
In a survey taken of 1,818 pieces of Fayetteville real estate, the median price was found to be $149,000, which is close to average for North Carolina, although it may be a bit towards the lower end. In a survey of foreclosed pieces of Fayetteville real estate, however, the median price was found to be $102,000. 697 examples of foreclosed pieces of Fayetteville real estate were used in this latter survey.
The price found with regard to these pieces of Fayetteville real estate is relatively low, both for the country and for North Carolina in particular, meaning that an individual who was looking to buy a piece of Fayetteville real estate might do well to do so now, aiming for a foreclosed piece of property. In general, over the past several years, the Fayetteville real estate market has generally gone up in value, although there have been curves along the way, and at the current time, it seems that the market value is towards the bottom of a curve.