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Fairhope, AL—36532

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$468,000
0.5% YoY Growth
Household Income
$86,000
27.3% YoY Growth
Days on Market
65
2.0% Longer YoY
Home Price Forecast
0.0%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fairhope, AL

As of May '26, the median home price in Fairhope, AL is $468,000, with a year-over-year change of 0.5%. This indicates that home prices in Fairhope, AL are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$468,0000.5%
Single Family $469,0000.4%
Condos $438,0000.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $333,000
    5.0%
    2 Bed
    		$369,0000.5%
    3 Bed
    		$414,0000.0%
    4 Bed
    		$567,0000.0%
    5 Bed $775,5680.9%
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    4.0%
    2 Bedrooms
    14.3%
    3 Bedrooms
    49.1%
    4 Bedrooms
    26.6%
    5+ Bedrooms
    5.9%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,200
    Studio Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Fairhope, AL is 65. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$650,0004.0%
    Listing Count
    		409-9.0%
    Listings as % of Homes1.4%-9.0%
    Days on Market
    		652.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		37,10010.0%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    Affordability — Fairhope, AL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.1
    Median Home Price$468,000
    Median Household Income$86,000

    Fairhope, AL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Montrose

    36559

    Silverhill, AL

    36576

    Magnolia Springs, AL

    36555

    Daphne, AL

    36526

    Summerdale, AL

    36580

    Frequently Asked Questions