The housing market in Fairhope, AL is thriving. The median value of homes is significantly higher than the US House Median Value at $420,700 compared to $338,100. This makes it a desirable place to live and invest. This past year, US Houses have appreciated 8.27%, but Fairhope has seen an even greater increase with 14.17%. This means that the demand for housing is high and that homeowners will likely be able to make a profit if they decide to sell. All of these factors contribute to making Fairhope an attractive place to live and invest in real estate.
The median home cost in Fairhope is $420,700. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Fairhope is up 15.3%.
Average Age of Homes
- The median age of Fairhope real estate is 23 years old
The Rental Market in Fairhope
- Renters make up 24.1% of the Fairhope population
- 3.0% of houses and apartments in Fairhope, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.