Federal Housing Finance Agency Home Price Index (FHFA HPI):
Fayetteville, NC is a Federal Housing Finance Agency home price index that comprises counties including Hoke County, and Cumberland County. Its most recent index value is 196.37.
The Fayetteville, NC, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same properties. The index covers single-family homes and condominiums. The FHFA HPI is a broad measure of home prices in the United States and is published monthly.
In the Fayetteville, NC, metro area, the HPI was up 2.1% from a year ago in September 2020 to 248.9 (meaning that a home valued at $100 in January 2000 would be worth $248,900 in September 2020). From January 2000 to September 2020, prices increased by 105%.
Home equity is the portion of a property's value that an owner has paid for with cash or other financing; it's often used as collateral for loans. In other words, it's the difference between what a property is worth and what is owed on it.
In September 2020, homeowners in the Fayetteville metro area had an average of $146,000 in home equity—an increase of $5,000 from one year earlier—and an average loan-to-value ratio of 61%. This means that on average homeowners have paid off 39% of their mortgage loan and own 61% outright. Homeowners with less than 20% equity are considered "underwater."
The median sale price of homes in the Fayetteville metro area was $210,000 in September 2020—up 5% from one year earlier ($199,500). This marks 28 consecutive months of year-over-year increases in median sale prices.
Price Index: Fayetteville, NC
Name | State | Metromicro | Fips State Code | Fips County Code | Region Type | Population |
---|---|---|---|---|---|---|
Cumberland County | North Carolina | Metropolitan | 37 | 051 | Central | 319,508 |
Hoke County | North Carolina | Metropolitan | 37 | 093 | Central | 44,967 |
Name | State | Population |
---|---|---|
Fayetteville | North Carolina | 246,145 |
Raeford | North Carolina | 44,967 |
Hope Mills | North Carolina | 35,721 |
Fort Bragg | North Carolina | 24,131 |
Stedman | North Carolina | 5,842 |
Linden | North Carolina | 4,819 |
Wade | North Carolina | 2,046 |
Pope Army Airfield | North Carolina | 588 |
Falcon | North Carolina | 216 |
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
28342 | 216 | 67.1 | America/New_York | 35.19194 | -78.64973 | Falcon | Cumberland County | North Carolina |
28308 | 588 | 61.4 | America/New_York | 35.17102 | -79.01498 | Pope Army Airfield | Cumberland County | North Carolina |
28395 | 2,046 | 16.5 | America/New_York | 35.13842 | -78.73982 | Wade | Cumberland County | North Carolina |
28356 | 4,819 | 33.9 | America/New_York | 35.23088 | -78.79090 | Linden | Cumberland County | North Carolina |
28305 | 5,751 | 854 | America/New_York | 35.05266 | -78.90674 | Fayetteville | Cumberland County | North Carolina |
28391 | 5,842 | 63.7 | America/New_York | 35.02121 | -78.70175 | Stedman | Cumberland County | North Carolina |
28310 | 7,066 | 598.9 | America/New_York | 35.14157 | -79.02177 | Fort Bragg | Cumberland County | North Carolina |
28301 | 16,929 | 532.2 | America/New_York | 35.07431 | -78.88358 | Fayetteville | Cumberland County | North Carolina |
28307 | 17,065 | 563.3 | America/New_York | 35.13737 | -78.98501 | Fort Bragg | Cumberland County | North Carolina |
28312 | 19,761 | 45.4 | America/New_York | 34.95501 | -78.74072 | Fayetteville | Cumberland County | North Carolina |