According to statistics, the population in Fairhope, AL amounts to 19,561, which shows growth 9% compared to the previous year. The median age of the city’s residents is 45. The average household income is $66,074, shifting growth 7% from the past year, and the average property value in Fairhope, AL decline -2% to $239,000 throughout the year.
|Number Of Employees||7,992|
|Median Property Value||$239,000|
The average household income in Fairhope, AL grew from $61,723 to $66,074 in the past year. This data is an estimate based upon 7,139 households in Fairhope, AL . The chart below presents how household income is distributed in Fairhope, AL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Fairhope, AL shifted from $243,900 to $239,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Fairhope, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Fairhope, AL properties falls in the '$200,000 to $249,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Fairhope, AL compared to median property taxes around the country. The prevalent amount of property taxes in Fairhope, AL equals $1150, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Fairhope, AL increased by 17.3% to $576,303.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $309,000 with no changes this month. Asking price for 2-bed apartment also increased by 54.3% and a place of this size will now cost you $726,560. A 3-bed apartment goes for $518,908, it increased by 0.7% lately. We discerned the rise of 4- and more bed apartment price. It increased by 15.9% and made it up to $833,433.
While assessing the property pricing Fairhope, AL, you can note that it remains flat with a price tag of $100,000. Price reports demonstrate that house price increased by 20.2% this month making it up to $717,504. Condos faced an upward trend these days. The median price for a condo decreased by 36.8%, it’s now available for $477,450. Value of the townhouses didn’t change, the price still starts at $829,950.