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NOTE: Fayetteville is part of the Greater North West Arkansas market which includes Bentonville, Rogers and Springdale. Growth in all of these cities have been phenomenal and all these cities are growing together to become ONE major market. Tyson Foods, JB Hunt Trucking and Wal-Mart's Headquarters are all located in Greater North West Arkansas.
Fayetteville is a larger medium-sized city located in the state of Arkansas. With a population of 82,830 people and 11 constituent neighborhoods, Fayetteville is the third largest community in Arkansas.
Fayetteville real estate is some of the most expensive in Arkansas, although Fayetteville house values don't compare to the most expensive real estate in the U.S.
Fayetteville is a decidedly white-collar city, with fully 89.17% of the workforce employed in white-collar jobs, well above the national average. Overall, Fayetteville is a city of professionals, sales and office workers and service providers. There are especially a lot of people living in Fayetteville who work in sales jobs (13.31%), office and administrative support (12.17%) and teaching (11.06%).
Also of interest is that Fayetteville has more people living here who work in computers and math than 95% of the places in the US.
Fayetteville Information and Demographics
The education level of Fayetteville ranks among the highest in the nation. Of the 25-and-older adult population in Fayetteville, 46.14% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Fayetteville in 2010 was $27,266, which is wealthy relative to Arkansas, and upper middle income relative to the rest of the US. This equates to an annual income of $109,064 for a family of four. However, Fayetteville contains both very wealthy and poor people as well.
Fayetteville is a somewhat ethnically-diverse city. The people who call Fayetteville home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Fayetteville residents report their race to be White, followed by Black or African-American. Important ancestries of people in Fayetteville include German, Irish, English, French, Scottish and Italian.
The most common language spoken in Fayetteville is English. Some people also speak Spanish.
Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.
Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.
. (Recessions shown as gray bars.)
- Current Population Survey, CES
- Current Employment Statistics.
The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics. A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments. Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper. (Note: taxes are not considered here.)
The rent-to-mortgage payment ratio for Fayetteville was 0.89 in September 2013.
Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.