Living in Fairhope, AL
Fairhope, Alabama is a delightful coastal town known for its beautiful bay views and friendly community. The town's blend of outdoor activities, educational opportunities, and vibrant local culture makes it an ideal place for families and retirees. With an array of restaurants, shops, and parks, Fairhope invites investment in a thriving real estate market.
Current Market Conditions in Fairhope, AL
Fairhope's real estate market is currently experiencing a steady growth trend, attracting both local and out-of-state buyers. The demand for homes continues to rise as more people are drawn to the area's lifestyle, culture, and natural beauty. This trend has contributed to an increase in home prices, signaling a favorable investment opportunity for real estate investors.
The median home prices have shown resilience, making Fairhope a promising market for both buyers and investors. Investment properties, including vacation rentals and single-family homes, are in demand, further enhancing the market's potential for appreciation in value over time.
Home Value Estimator For Fairhope, AL
There are currently 13,028 real estate properties
in Fairhope, AL,
with a median automated valuation model (AVM) price
of $471,277.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fairhope, AL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Fairhope, AL,
is $589,756.00, with the most expensive house
in Fairhope, AL, topping out
at $25,555,000.00 and the cheapest home
in Fairhope, AL,
clocking in at $19,461.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fairhope, AL!
Rent Prices
In Fairhope, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fairhope, AL, is on
a rollercoaster ride. The
average rent price in Fairhope, AL,
is $1,702.00. Indeed, when looking to rent in
Fairhope, AL, you can expect to pay as little
as $560.00 or as much
as $3,260.00,
with the average rent median estimated to
be $1,600.00. The good news is that finding
an affordable and desirable property to rent in Fairhope, AL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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