The housing market in 36532 Fairhope, AL is experiencing a strong appreciation rate. The median value of homes in the area is $423,600, which is significantly higher than the US average of $338,100. This suggests that the area has become more desirable and successful economically. Over the past year, home values have appreciated by 14.17%, much higher than the national average of 8.27%. This fast rate of appreciation suggests that Fairhope’s housing market will continue to be a success in years to come.
The median home cost in Fairhope (zip 36532) is $423,600. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Fairhope (zip 36532) is up 15.3%.
Average Age of Homes
- The median age of Fairhope (zip 36532) real estate is 23 years old
The Rental Market in Fairhope (zip 36532)
- Renters make up 19.4% of the Fairhope (zip 36532) population
- 2.6% of houses and apartments in Fairhope (zip 36532), 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.