CALCMONEY // HOME AFFORDABILITY // NC // FAYETTEVILLE
How much house can you afford in Fayetteville? Based on local median home prices, current NC mortgage rates, and Fayetteville property tax data.
$230,000
$1,471/mo
$63,025/yr
$181,177
Monthly housing costs of $1,471 represent 33.9% of Fayetteville's median gross monthly income ($4,333/mo). At 33.9%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $230,000 |
| Down Payment (20%) | $46,000 |
| Loan Amount | $184,000 |
| Monthly PI Payment | $1,212 |
| Monthly Property Tax | $163 |
| Monthly Insurance Est. | $96 |
| Total Monthly PITI | $1,471 |
| Housing Cost % of Income | 33.9% |
| Required Income (28% rule) | $63,025/yr |
| Max Affordable Home | $181,177 |
$8,050
$1,878/mo
Fayetteville Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $230,000 | Fayetteville city median |
| Down Payment (20%) | $46,000 | Conventional loan |
| Monthly PITI | $1,471 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $63,025 | Annual gross |
| Max Affordable Home | $181,177 | Based on median income |
| FHA Down (3.5%) | $8,050 | Minimum FHA |
| Housing Cost % of Income | 33.9% | Median income: $52,000/yr |
| Property Tax Rate | 0.85% | $1,955/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Fayetteville is $230,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $184,000, generating a monthly P&I payment of $1,212. Adding property taxes ($163/mo) and homeowners insurance ($96/mo) brings total monthly PITI to $1,471.
Fayetteville's property tax rate of 0.85% is near the national average, adding a standard increment to monthly housing costs. On the Fayetteville median home, that is $163/month, or $1,955 per year.
North Carolina levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Fayetteville should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Fayetteville's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Fayetteville's mortgage rate of 6.9% and property tax rate of 0.85%, that translates to a maximum affordable home price of approximately $181,177 with 20% down on a 30-year loan.
To afford the median Fayetteville home priced at $230,000, you need an annual gross income of approximately $63,025. Total monthly housing costs (principal and interest of $1,212, property taxes of $163, and insurance of $96) come to $1,471/month, which equals 28% of the required income.
At the median home price of $230,000 and median household income of $52,000, the total monthly housing cost of $1,471 represents 33.9% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Fayetteville home of $230,000 is $46,000. An FHA loan requires just 3.5% down — $8,050 — but adds mortgage insurance of roughly $157/month, bringing total FHA payments to $1,878/month.
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