Fayetteville, TN
Population 7,037 · Tennessee
About Fayetteville, TN
Fayetteville is a small town located in Tennessee with a population of 7,037 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,890 per year, which is 32% below the national median of $75,149. The median age of 36 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Fayetteville features a median home value of $191,100, which is 22% below the national median of $244,900. This positions Fayetteville in a moderately priced market relative to the rest of the country. Median monthly rent is $753, 35% below the national average of $1,163/month. Of the 3,175 total housing units, 55% are owner-occupied (1,612 units) and 45% are renter-occupied (1,319 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Fayetteville shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 16.2%, above the national average of 12.4%. Workers in Fayetteville have an average one-way commute time of 26.5 minutes.
Education & Demographics
17.6% of Fayetteville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.7% White, 4.1% Hispanic or Latino, 0.5% Black or African American, and 0.9% Asian residents, with 3.6% of the population being foreign-born.
Cost of Living in Fayetteville, TN
Compared to national averages, Fayetteville has a median household income of $50,890 (32% below the national median of $75,149). Home values average $191,100, which is 22% below the national median. Monthly rent at $753 is 35% below the US average of $1,163. Within Tennessee, Fayetteville's income is 19% below the state average of $62,849, and home values are 11% below the state median of $214,371.
Why Live in Fayetteville, TN?
Fayetteville offers affordable housing with a median home value of $191,100, below the US average of $244,900, and rent that’s lower than the national average at $753/month.
Potential considerations include median household income ($50,890) that falls below the national average. However, Fayetteville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fayetteville has a population of 7,037 with a median age of 36 years. Compare Fayetteville with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Fayetteville
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Church Hill | 7,057 | $69,433 | $192,600 | Compare |
| Greenbrier | 6,960 | $82,308 | $310,400 | Compare |
| Tellico Village | 6,901 | $98,214 | $484,900 | Compare |
| Dayton | 7,191 | $56,692 | $152,200 | Compare |
| Newport | 6,881 | $40,096 | $124,300 | Compare |
| Savannah | 7,219 | $41,396 | $163,100 | Compare |
| La Follette | 7,308 | $34,678 | $106,000 | Compare |
| Green Hill | 6,617 | $91,397 | $345,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fayetteville With Other Cities
Frequently Asked Questions about Fayetteville
What is the population of Fayetteville, TN?
The population of Fayetteville, TN is 7,037 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Fayetteville?
The median household income in Fayetteville, TN is $50,890 per year, which is 32% below the national median of $75,149.
What is the median home value in Fayetteville?
The median home value in Fayetteville, TN is $191,100, which is 22% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fayetteville?
The median monthly rent in Fayetteville, TN is $753, which is 35% below the national average of $1,163/month.
What is the unemployment rate in Fayetteville?
The unemployment rate in Fayetteville, TN is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fayetteville, TN a good place to live?
Fayetteville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,037 and a median age of 36, the city appeals to a broad range of residents.
How educated is Fayetteville, TN?
17.6% of residents in Fayetteville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fayetteville?
Key cost-of-living indicators for Fayetteville, TN: median home value is $191,100 (22% below national), median rent is $753/month, and median household income is $50,890. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Fayetteville?
The poverty rate in Fayetteville, TN is 16.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fayetteville, TN?
Fayetteville's population is 1.7% White, 4.1% Hispanic or Latino, 0.5% Black or African American, 0.9% Asian, and 18.5% two or more races. 3.6% of residents are foreign-born.