Located deep in the Ozarks, on the fringe of the Boston Mountains, Fayetteville is the third-largest metropolitan area in the state of Arkansas. Over 85,000 residents call the city home and enjoy its beautiful proximity to nature, thriving arts scene, and growing economy. These features are some of the reasons the area is attractive to prospective homeowners, too.
Natural Resources and Recreation
With its proximity to the Ozarks, Fayetteville offers a range of opportunities for outdoor recreation. Residents can enjoy hiking in the nearby mountains or playing in any of the city’s many public parks. Some of the city’s most popular parks include the following:
- Bryce Davis Park
- Kessler Mountain Regional Park
- Walker Park
- Wilson Park
- Gulley Park
Some of the other recreational resources in Fayetteville include bike trails, botanical gardens, boating docks, and sports facilities.
Economic and Employment Opportunities
Fayetteville has been recognized as a hospitable spot for business growth on numerous occasions. In 2012, it was ranked at #27 on Forbes’ “Best Places for Business and Careers” list, and in 2016, the city proclaimed itself to be “The Startup City of the South.” In addition to its potential for entrepreneurs, top employers such as the University of Arkansas, Washington Regional Medical Center, and the Veterans Administration Medical contribute to Fayetteville’s unemployment rate of 2.6 percent—well below the national average of 3.8 percent.
Buying a Home in Fayetteville
It’s no wonder why so many prospective homebuyers are interested in living in Fayetteville, Arkansas. A quick survey of the local real estate market in the area reveals that there are a number of options for investment—single family homes, multifamily homes, and condominiums are the most common property types in the area. With a median home value of $218,800, which is below the national average home value of $226,700, there is much potential for building equity and establishing a home in Fayetteville.