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Fayetteville vs Greensboro for Rental Property Investing

Side-by-side comparison of Fayetteville, NC and Greensboro, NC — cap rates, rent, prices, and investment metrics.

Fayetteville wins 4–3 across key metrics
Fayetteville leads on cash flow (4.85% vs 4.28% cap rate) · Greensboro leads on population growth
Metric
Fayetteville, NC
Greensboro, NC
Est. Cap Rate
4.85%
4.28%
Median Home Price
$195,000
$230,000
Median Monthly Rent
$1,120
$1,200
1% Rule
0.57%
0.52%
GRM
14.5x
16.0x
Price / Income
4.4x
4.9x
Property Tax Rate
0.79%
0.82%
Vacancy Rate
6.5%
5.8%
Population Growth
0.8% / yr
0.9% / yr
Annual Appreciation
2.5%
3%
Population
211,657
302,400
Median Income
$44,200
$46,800

Fayetteville vs Greensboro: Which Is Better for Investors?

Cash flow: Fayetteville has the edge with an estimated cap rate of 4.85% compared to Greensboro's 4.28%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $195,000 in Fayetteville vs $230,000 in Greensboro, while rents come in at $1,120/mo and $1,200/mo respectively.

Growth & appreciation: Greensboro is growing faster at 0.9% annually vs Fayetteville's 0.8%. Greensboro leads on home value appreciation at 3% per year.

Costs & risk: Property taxes are 0.79% in Fayetteville vs 0.82% in Greensboro. Vacancy rates of 6.5% and 5.8% are mixed — Greensboro has the tighter rental market.

Bottom line: Fayetteville edges out Greensboro on most key metrics. While cap rates are moderate at 4.85%, Fayetteville's overall profile is stronger. Use our free calculators to model specific deals in Fayetteville or Greensboro.

Fayetteville, NC
4.85% cap rate · $195,000 median · $1,120/mo
Full analysis →
Greensboro, NC
4.28% cap rate · $230,000 median · $1,200/mo
Full analysis →
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