Fayetteville Home Prices: $377K, Up 4% — 3 ZIPs Analyzed (2026)

$377,290. That’s what a typical home costs in Fayetteville, Arkansas right now. Prices are up 4.0% from a year ago, and they haven’t dipped in a single month over the past year.

Quick answer: The average home price in Fayetteville, AR is $377,290 as of February 2026, up 4.0% year over year according to Zillow.

Current Home Prices in Fayetteville

Fayetteville sits in the Fayetteville-Springdale-Rogers metro, one of the fastest-growing regions in the South. The $377K median puts it well above typical Arkansas home prices but still affordable compared to peer college towns and tech hubs across the country.

The spread between the cheapest and most expensive ZIP is about $41,000. That’s a relatively tight range, meaning you won’t find wildly different price tiers across town. Whether you’re near the university or on the west side, you’re looking at mid-$300K to high-$300K.

A 4% annual gain is solid but not overheated. For context, that translates to roughly $15,000 in equity gained over the past twelve months for someone who bought at the median a year ago.

Fayetteville Home Prices by Neighborhood

Most Expensive

72703 tops the list at $396,932 — about $20,000 above the city median. Interestingly, it has the lowest rent of any Fayetteville ZIP at $1,418 per month, which suggests a higher concentration of owner-occupied homes.

Most Affordable

72704 comes in at $355,860, roughly $21,000 below the city average. It also carries the highest rent at $1,893 per month — a signal that rental demand is strong in this area despite lower purchase prices.

72701, home to the University of Arkansas campus area, lands right in the middle at $379,077 with rent at $1,606 per month.

Rent vs Buy in Fayetteville

Renting is the cheaper monthly option in Fayetteville right now. Here’s the rough math.

*Estimated mortgage based on ZIP home value, 20% down, 30-year fixed at 7%, including principal and interest only. Taxes and insurance would add more.

The gap between renting and buying ranges from about $470 per month in 72704 to over $1,200 per month in 72703. That 72703 number is striking — rents there are surprisingly low given it’s the priciest ZIP in town.

One wrinkle: 72704 has the cheapest homes but the most expensive rent. If you’re currently renting in 72704 and paying $1,893, the jump to a mortgage at $2,360 is only about $470 — the smallest gap in the city. That makes 72704 the ZIP where buying makes the most financial sense relative to renting.

Of course, monthly payment isn’t the whole story. Buyers build equity and lock in a fixed cost. Renters keep flexibility and avoid maintenance. With prices rising 4% annually, waiting a year could mean paying an extra $15,000.

Population Growth and Migration

Fayetteville added over 8,000 residents between 2020 and 2024. The city’s population hit 103,134, up 8.8% in four years.

Growth has been steady — roughly 2,000 new residents each year, with no signs of slowing. The city crossed the 100,000 mark in 2023.

How does Fayetteville compare to other Arkansas cities?

Fayetteville is the largest city on this list and growing faster than most. Only Conway and Bentonville posted higher growth rates. Bentonville’s 12.7% surge is no surprise given Walmart’s headquarters effect, but it’s a smaller city starting from a lower base.

This population growth is a tailwind for housing demand. More people means more competition for a limited housing stock, which helps explain why prices have risen steadily all year.

Fayetteville Housing Market Trends

Here’s how the median home price has moved month by month over the past year.

Not a single down month. The trend is unbroken.

What’s notable is the acceleration. Early in 2025, prices were creeping up by $400 to $750 per month. By late summer, monthly gains jumped to $1,500 or more and have stayed there since. The market picked up steam in the second half of the year and hasn’t let off.

Total appreciation from March 2025 to February 2026: $14,532. That’s a 4.0% gain.

Is Fayetteville a Good Place to Buy in 2026?

The data points to a seller’s market. Twelve consecutive months of price increases, accelerating gains in the back half of 2025, and strong population growth all favor sellers.

For buyers, the question is timing. Prices are climbing at roughly $1,700 per month. Waiting six months could cost you $10,000 in additional purchase price. On the other hand, Fayetteville’s prices aren’t overheated — 4% annual growth is moderate and sustainable.

The rent-vs-buy gap also matters. If you’re paying $1,600 to $1,900 in rent, the monthly stretch to a mortgage isn’t extreme, especially in ZIP 72704 where the gap is under $500.

Fayetteville has two things working in its favor as a long-term buy: a university that provides stable employment and rental demand, and a metro economy anchored by major employers in Bentonville and Rogers. The 8.8% population growth over four years isn’t a fluke — it reflects real job creation in the region.

Fayetteville Housing Market Outlook for 2026-2027

If the current pace continues, Fayetteville’s median home price could cross $390,000 by late 2026. The 3-month trend from December 2025 through February 2026 shows gains averaging about $1,800 per month, which is consistent with the second-half 2025 acceleration.

There’s no sign of a slowdown in the monthly data. Price increases have been remarkably steady since September 2025, staying in the $1,600 to $1,900 range each month.

Population growth adds sustained demand pressure. With roughly 2,000 new residents arriving annually, the housing supply will need to keep up — and if it doesn’t, prices will keep climbing.

The biggest risk to this trend would be a sharp rise in mortgage rates or a regional economic shock. But based purely on the 12-month trajectory, the direction is clear: up.

Similar Markets in AR

If you’re considering Fayetteville, these other Arkansas cities are worth a look:

• Little Rock — The state capital offers a larger metro with likely lower price points than Fayetteville’s $377K median.
• Fort Smith — A more affordable option in western Arkansas, closer to the Oklahoma border.
• North Little Rock — Sits across the river from Little Rock and typically runs below Fayetteville’s prices.

Frequently Asked Questions

What is the average home price in Fayetteville?

The typical home in Fayetteville costs $377,290 as of February 2026. Prices range from $355,860 in ZIP 72704 to $396,932 in ZIP 72703. That’s a spread of about $41,000 across the city’s three tracked ZIP codes.

Are home prices going up or down in Fayetteville?

Prices are going up. The median rose 4.0% year over year, and there hasn’t been a single month of decline in the past twelve months. Monthly gains accelerated in the second half of 2025, averaging about $1,700 per month since September.

Is it cheaper to rent or buy in Fayetteville?

Renting is cheaper on a monthly basis. Typical rents run $1,418 to $1,893 depending on the ZIP code. A mortgage on the median-priced home would cost roughly $2,500 per month assuming 20% down at 7% interest. The gap is smallest in ZIP 72704, where the difference is about $470 per month.

What is the most affordable neighborhood in Fayetteville?

ZIP code 72704 has the lowest home values at $355,860, about $21,000 below the city median. But 72704 also has the highest rents in town at $1,893 per month, making it the ZIP where the rent-to-buy gap is narrowest.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.