Housing
Condominiums and townhouses are available starting at just under $100,000 to the mid-$100,000s. Single-family detached homes are available from well under $100,000 to more than $850,000 for large estate properties. Spacious four- or five-bedroom homes are available from approximately $250,000 to $800,000 and more. Waterfront properties and wooded lots are plentiful. Land for custom homebuilding is readily available from approximately $13,000 to more than $250,000. Some farm properties are also available.
According to an article by CNN, “The nation's most undervalued real estate market is Fayetteville, N.C. At a median price of $175,800, the median house costs 21 percent below equilibrium.”
As of the summer of 2006, the market was described as always being influenced by military relocations, especially in summer months. First-time buyers were the most active buying segment. On averages, homes were still considered to be extremely affordable with an abundant supply at all price ranges.