Fairhope, AL—36532
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairhope, AL
As of Oct '25, the median home price in Fairhope, AL is $467,000, with a year-over-year change of 1.1%. This indicates that home prices in Fairhope, AL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $467,000 | 1.1% |
| Single Family | $467,000 | 0.9% |
| Condos | $449,000 | -0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $330,000 | 1.5% |
2 Bed | $363,000 | -1.4% |
3 Bed | $405,000 | 0.2% |
4 Bed | $559,000 | 1.6% |
| 5 Bed | $769,000 | 2.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Fairhope, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairhope, AL is 68. This is a increase of 4.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $646,000 | 5.0% |
Listing Count | 410 | 3.0% |
| Listings as % of Homes | 1.4% | 3.0% |
Days on Market | 68 | 4.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Fairhope, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $467,000 |
| Median Household Income | $86,000 |