Quick facts: Fayetteville, GA

Quick Facts

97.5
Cost of Living
below US average
19,687
Population
25.25
Crime Rate per 1000
above US average
$79,865
Median Income
below US average
$485,000
Median House Price
above US average
$3097.59
Average Rent
above US average
6%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $79,865.

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Income Needed to Buy

βœ— Stretch
$152k/year
Based on $485,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $152k vs median $79,865
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Income Needed to Rent

⚠ Stretch
$133k/year
Based on $3097.59/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $133k vs median $79,865
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fayetteville, GA

Fayetteville, Georgia, is a charming city located in Fayette County, about 22 miles south of Atlanta. Known for its welcoming atmosphere and suburban feel, Fayetteville offers a mix of small-town charm and modern amenities. The city is home to a thriving community with a population of around 18,000 residents. Fayetteville boasts a rich history, showcased in its historic downtown area, where visitors can explore quaint shops, local eateries, and preserved buildings that reflect its heritage. The city's Parks and Recreation Department offers numerous outdoor activities, including parks, walking trails, and sports facilities, making it a great place for families and nature enthusiasts. Cultural events and community gatherings frequently occur throughout the year, enhancing the city’s sense of community. Fayetteville is also known for excellent schools and a family-friendly environment. With easy access to larger urban centers, residents can enjoy both the tranquility of suburban life and the hustle and bustle of nearby Atlanta. Overall, Fayetteville is a vibrant place to live, work, and play, with a balance of history and modern conveniences.

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