Median rent for residential apartments in Fairhope, AL as of Nov, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
34 Fairhope, AL 36532, USA apartments for rent
Fairhope
Fairhope, AL has a population of 19,561, while the median age is 45. The household income in Fairhope, AL is around $66,074. The homeownership rate among the residents is 76%. The median residential property value in Fairhope, AL that you should keep in mind is $239,000.
| Population | 19,561 |
| Median Age | 45 |
| Poverty Rate | 9% |
| Household Income | $66,074 |
| Number Of Employees | 7,992 |
| Median Property Value | $239,000 |
Housing Trends
How much is an apartment in Fairhope, AL 36532, USA
Average apartment rent in Fairhope: $5,922 (+336.6%)
| Rent Price | Nov | vs Last Month |
|---|---|---|
| 1-bed apartments | $77,390 | +6692.4% |
| 2-bed apartments | $1,336 | -1% |
| 3-bed apartments | $1,719 | -3.5% |
| 4+ bed apartments | $2,231 | +8% |
Over the Nov 2022, the average rent for an apartment in/near Fairhope, AL increased by 336.6% to $5,922.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 6692.4% to $77,390. Pricing for 2-bed apartment also decreased by 1% and a place of this size will now cost you $1,336. 3-bed apartment rent pricing starts at $1,719, it decreased by 3.5% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 8% and made it up to $2,231.
| Rent Type Price | Nov | vs Last Month |
|---|---|---|
| Apartments for rent | $1,243 | +6.6% |
| Townhouses for rent | $17,225 | +818.7% |
| Houses for rent | $1,788 | -1.7% |
The median rent for an apartment in Fairhope, AL increased by 6.6% to $1,243. Statistics show that house rent price decreased by 1.7% this month making it up to $1,788. The median rent for a townhouse increased by 818.7%, you’ll have to spend around $17,225 to get one.