Rent, population, and median household income are important factors to consider for a 1031 exchange in Fayetteville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Fayetteville, North Carolina is a part of the Fayetteville, NC metropolitan area, and contains 10 zip codes, including: 28305, 28306, 28312, 28309, 28314, and 28311.
Fayetteville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Fayetteville, NC metropolitan area was $821, which is 10.05% lower than 2014 average rent. This represents a compounded annual growth rate of 1.93%. 2019 vacancy in Fayetteville, NC was 3.70%.
The total population of the city of Fayetteville, NC has grown 4.44% since 2010. As of 2018, the population was 209,468. The median household income of the Fayetteville was $44,057, which is 26.93% lower than the national average.
- metropolitan area Fayetteville, NC
- avg rent $821
- rent growth 10.05%
- vacancy 3.70%
- median income $44,057
- population (2018) 209,468
- population growth 4.44%
- vs. nat'l avg 26.93%
- zip codes 28301 28302 28303 28304 28305 28306 28309 28311 28312 28314
