Total monthly cost of ownership
Cost to Own a Home in Fayetteville, North Carolina
A $172,000 home here costs
$1,451per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $884. The real number is $566 higher every month — 64% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fayetteville against Cumberland County and North Carolina
| Measure | Fayetteville | Cumberland County |
|---|---|---|
| Median home value | $171,900 | $183,700 |
| Median property tax | $1,882 | $1,823 |
| Effective tax rate | 1.095% | 0.992% |
| Median gross rent | $1,179 | $1,156 |
| Population | 209,692 | 336,749 |
The weather behind that power bill
Fayetteville sits in Cumberland County, which averages a high of 90.9°F in its hottest month and a low of 31.8°F in its coldest, with 47.93" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,890 cooling and 2,969 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Cumberland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
Full Cumberland County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Fayetteville?
A $172,000 home in Fayetteville, North Carolina costs approximately $1,451 per month with 20% down at 6.66%. That is $884 principal and interest, $157 property tax, $62 homeowners insurance, $204 utilities and $143 set aside for maintenance.
What is the property tax rate in Fayetteville?
Fayetteville has an effective property tax rate of 1.095%, based on a median home value of $171,900 and median real estate taxes of $1,882. That is higher than the Cumberland County average of 0.992%.
What is the average home price in Fayetteville?
The median owner-occupied home value in Fayetteville, North Carolina is $171,900, against $183,700 across Cumberland County.
Is it cheaper to rent or buy in Fayetteville?
Median gross rent in Fayetteville is $1,179 a month, against $1,451 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fayetteville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Carolina.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.