Home to Fort Bragg and Pope Air Force Base, Fayetteville is located on the Cape Fear River. The city has received numerous awards for its job market, its housing market and “Best Performing City in America.” It might be modestly ranked as the 106th largest town in the United States, but it has a lot to offer homebuyers of any age and at any stage in their life.
Fayetteville’s Economic Outlook
Fayetteville’s cost of living is more than 13 percent lower than the national average. Although the unemployment rate is 5.5 percent, higher than the national average, it does have a positive growth outlook. The Department of Defense is the largest employer in the area. It pumps over $4.5 billion into the economy annually. Other key employers include the Cape Fear Valley Health System, Wal-Mart, and the local public school system.
The Housing Market in Fayetteville
The median home cost in Fayetteville is $109,000. Home prices have been appreciating over the past 10 years, but home prices are predicted to slow down over the next year. It’s a good market for buyers. Homes tend to stay on the market for about 100 days. Even so, homebuyers will want to work with a good real estate agent to find the right home for the best price.
Attractions in Fayetteville
The climate in Fayetteville is moderate year-round, making it a wonderful place to live and play. However, summers can be hot with higher levels of humidity. Residents take part in outdoor activities year-round at local state parks and recreation centers. Fayetteville is home to some interesting museums:
- Fascinate-U Children’s Museum
- 1897 Poe House
- Airborne and Special Operations Museum
- Cape Fear Botanical Garden
Fayetteville has a strong revitalization program to improve its historic buildings and downtown. It’s a city that depends on its relationship with Fort Bragg, but it also has a lot to offer people who are ready to buy a home in a smaller metroplex with the amenities of a larger city.