Fayetteville, AR Rent To Own Homes

Renting-to-Own Homes in Fayetteville, AR: What You Need to Know

Located in Washington County in the northwest of the state, Fayetteville, Arkansas, is a city within the Ozark Mountains. The city is named for Fayetteville, Tennessee, the original home of many of its early residents. It’s a friendly city of approximately 88,000 residents who appreciate the warmth of the people as much as the natural beauty that surrounds them. 

Cost of Living 

While Fayetteville is more expensive than most Arkansas communities, the cost of living here is 7% less expensive here compared to the national average. Healthcare is 12% cheaper than the national average as well. With a median home price of $220,500, housing is $11,000 less than the national average but roughly 40% more than the state overall. Overall, utilities, transportation, and other miscellaneous costs are all cheaper in Fayetteville than Arkansas as a whole or the national average. Groceries are the one living expense that is notably more expensive here versus the rest of the state. As of March 2020, the unemployment rate for Fayetteville is 2.9%.

Transportation and Infrastructure 

Most people in Fayetteville travel around either by personal vehicle, bicycle, or on foot. For those needing public transportation, Ozark Regional Transit (ORT) provides free bus service within the city of Fayetteville as well as fare service to several cities to the north. As home to the University of Arkansas, students often visit Fayetteville’s businesses and venues as they venture off-campus. They travel by Razorback Transit, a free bus service that goes around the city and back to the campus when they do so. When traveling to and from the city by air, Northwest Arkansas National Airport is the closest to Fayetteville – only 17 miles away.

Weather and Climate 

Winters in Fayetteville are typically quite cold, whereas summers are hot and muggy. Partly cloudy skies are seen year-round. January is the coldest month in Fayetteville, with lows that average 28°F. The warmest month of the year here is July, when temperatures average 90°F. Though somewhat infrequent, Fayetteville does experience moderate amounts of snow in winter. Rainfall is by far more frequent here, with an average of 47 inches per year, nearly ten inches more than the national average.

Schools and Education 

The first school district chartered in Arkansas, the Fayetteville Public School District encompasses 16 schools from elementary through high school and a virtual academy. The nearly 900 certified staff and 600 classified staff serve the almost 10,500 students of the area. The student body, teaching staff, and administrative staff represent the diversity seen throughout the community.

Local Population

A small to medium-sized city, Fayetteville is home to approximately 88,000 residents. Of these, 77% are Caucasian, 7% are African American, 9% are Hispanic, 3% are Asian, and 4% are mixed race. 25% of the community are 18 years old or under, while 9% are over 65 years of age. The breakdown of male versus female here is precisely 50/50. 93% of the adult community hold high school diplomas, while 49% have a Bachelor’s degree or higher. 7% of the adults are known to be veterans in the U.S. military.