Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Fayetteville, AR

Housing in Fayetteville, AR: Rent, Home Prices & Property Tax

$1,145/mo (1 bd) in Fayetteville. Median home $273,400. Property tax 0.63%.

Compare vs Chicago Rank metros from FayettevilleHow we figure this

Rent (1 bd): $1,145; /mo
Buy: $1,777; Mortgage, tax, insurance
Buying costs more: $632; /mo

State tax and rent

To buy

20% down payment$54,680
Mortgage at 6.5%$1,382
Property tax (0.63% of value)$144/mo · $1,722/yr
Insurance and upkeep$251
Monthly total$1,777

35.5% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,400 left each month. About 23 months (1.9 years) to save $54,680.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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