Fairhope, AL 36532 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fairhope, AL—36532

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$463,000

1.0% YoY Growth

Household Income

$86,000

27.3% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

1.4%

Median Rent

$2,000

2.7% YoY Growth

1-Bed Rent

$1,250

8.5% YoY Growth

2-Bed Rent

$1,700

6.2% YoY Growth

3-Bed Rent

$2,000

3.7% YoY Growth

Home Price Trends — Fairhope, AL

As of Dec '25, the median home price in Fairhope, AL is $463,000, with a year-over-year change of 1.0%. This indicates that home prices in Fairhope, AL are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$463,000	1.0%
Single Family	$463,000	0.7%
Condos	$432,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fairhope, AL

As of July '25, Rentcast reports the average rent in Fairhope, AL is $2,200, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Fairhope, AL is 1-bedrooms: $1,400, 2-bedrooms: $2,050, 3-bedrooms: $2,220, 4-bedrooms: $2,560. The most common rental property sizes in Fairhope, AL are 3-bedroom and 2-bedroom, accounting for 43.9% and 29.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,200
Studio Rent	N/A	N/A
1 Bed Rent	$1,250	$1,400
2 Bed Rent	$1,700	$2,050
3 Bed Rent	$2,000	$2,220
4 Bed Rent	$2,350	$2,560

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% of Rental Stock

1 Bedroom

20.4%

2 Bedrooms

29.0%

3 Bedrooms

43.9%

4 Bedrooms

6.7%

Property Listings — Fairhope, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Fairhope, AL is 64. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$640,000	2.0%
Listing Count	390	9.0%
Listings as % of Homes	1.4%	9.0%
Days on Market	78	-11.0%

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Demographics — Fairhope, AL

As of the latest ACS Survey released in 2023, Fairhope, AL has a population of 37,100, which has increased by 10.0% over the past 5 years. Fairhope, AL is a moderately popular place for families, as children make up 19.8% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,100	10.0%
% Under 18	19.8%	-21.1%
% Seniors	25.1%	15.1%
% WFH	11.4%	29.5%
% w/ College Degree	49.5%	4.4%

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As of the latest ACS Survey released in 2023, Fairhope, AL is a predominantly white area, with 87.3% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Fairhope, AL is hispanic, making up 5.5% of the population. Foreign-born residents account for 3.0% of the population in Fairhope, AL, and this percentage has decreased by 21.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	87.3%	0.8%
% Black	4.1%	-45.3%
% Hispanic	5.5%	52.8%
% Asian	0.5%	-50.0%
% Foreign Born	3.0%	-21.1%

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Mortgage and Risk — Fairhope, AL

According to HUD data as of 2023, there were 1012 mortgage originations in Fairhope, AL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Fairhope, AL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,012
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	2.0%
% Second Loans	4.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Fairhope, AL

As of 2024, the percent of homes in Fairhope, AL under the Section 8 program is 5.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fairhope, AL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	156
Total Units Section 8	154
% Rentals under Section 8	5.8%
% Occupied Section 8	93.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$30	$1,250	$1,220
2 Bedroom	-$240	$1,700	$1,460
3 Bedroom	-$180	$2,000	$1,820
4 Bedroom	-$30	$2,350	$2,320

Fairhope, AL—36532

Key Metrics at a Glance

Home Price Trends — Fairhope, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fairhope, AL

% of Rental Stock

Property Listings — Fairhope, AL

Demographics — Fairhope, AL

Race and Ethnicity

Mortgage and Risk — Fairhope, AL

Mortgages

Rentals and Section 8 — Fairhope, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Fairhope, AL

Home Price to Income Ratio

Fairhope, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Montrose

Silverhill, AL

Magnolia Springs, AL

Daphne, AL

Summerdale, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$463,000
Median Household Income	$86,000

Fairhope, AL—36532

Key Metrics at a Glance

Home Price Trends — Fairhope, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fairhope, AL

% of Rental Stock

Property Listings — Fairhope, AL

Demographics — Fairhope, AL

Race and Ethnicity

Mortgage and Risk — Fairhope, AL

Mortgages

Rentals and Section 8 — Fairhope, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Fairhope, AL

Home Price to Income Ratio

Fairhope, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Montrose

Silverhill, AL

Magnolia Springs, AL

Daphne, AL

Summerdale, AL

Frequently Asked Questions

What is the average home price in Fairhope, AL 36532?

How have home prices in Fairhope, AL 36532 changed over the past year?

What is the home price projection for Fairhope, AL 36532?

What are the demographics of Fairhope, AL 36532?

How long does it take homes to sell in Fairhope, AL 36532?

What is the average rent price in Fairhope, AL 36532?