Fairhope, AL Real Estate

According to census data in the year 2000 there were 5,951 housing units in Fairhope. This represents a 56.3% growth from 3,808 in 1990.

Of those housing units, 5,709 were located in either urbanized areas or urban clusters, and 242 were located in what is classified as a rural area.

Homeownership rate in Fairhope is about 76.4%. Fairhope's vacancy rate, including seasonal lodging, is about 10.3%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Fairhope were built after 1979.


Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom6.40%
Two Bedrooms31.30%
Three Bedrooms44.90%
Four Bedrooms13.70%
Five Bedrooms or more3.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1980
Median Value of occupied units$149,900
Median Price asked for vacant units$155,600

Rented Homes, Apartments and Condos

Average Household Size1.9
Median year structure was built1976
Median Monthly Rent asked for vacant units$561

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.10%
Home Equity Loan7.30%
Simple Mortgage47.50%
Debt Free36.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%