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These days, finding an affordable place to live in the Fairhope area can be challenging. Home prices in Fairhope are now at a median cost of $437,938, higher than the Alabama average of $228,911.
The average cost of rent is $1,519/mo in Fairhope, primarily driven by the current value of real estate in the Fairhope area. In Fairhope, 17.99% of households rent, and 42.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairhope is $7,086 per month. Households that rent pay about 21.44% of their income on rent here. Fairhope’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Point Clear, AL: higher priced homes
- Montrose, AL: equally priced homes
- Silverhill, AL: less expensive homes
- Daphne, AL: less expensive homes
- Summerdale, AL: less expensive homes
- Magnolia Springs, AL: less expensive homes
- Malbis, AL: less expensive homes
- Loxley, AL: less expensive homes
- Spanish Fort, AL: equally priced homes
- Robertsdale, AL: less expensive homes
Cities with Similar Populations
- Torrington, CT: less expensive homes
- Greenville, TX: less expensive homes
- Hudsonville, MI: less expensive homes
- Manhattan Beach, CA: higher priced homes
- Roseville, MN: less expensive homes
- Sanger, CA: equally priced homes
- South Lyon, MI: equally priced homes
- Springville, UT: higher priced homes
- Sylvania, OH: less expensive homes
- Arnold, MO: less expensive homes
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