Rent To Own Homes in Fairhope, AL

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View this home at Stone Creek Blvd Fairhope AL 36532
$689,148 EMV
Stone Creek Blvd
Fairhope, AL 36532
EST. RENT: $2,270
AUCTION: 05-15-2024
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Home Value Estimator For Fairhope, AL

There are currently 13,022 real estate properties in Fairhope, AL, with a median automated valuation model (AVM) price of $446,340.00. 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 $565,244.00, with the most expensive house in Fairhope, AL, topping out at $25,052,300.00 and the cheapest home in Fairhope, AL, clocking in at $24,030.00. 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 $1,703.00. 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.

Top Reasons To Live In Fairhope, AL In 2024

Fairhope is located in Baldwin, Alabama, with an estimated municipal population of 22,677 residents. All of the best foreclosed homes for sale in Fairhope are located in the following zip code areas on 36532. The estimated population per square kilometer (.62 miles) in Fairhope is 626.

Cost Of Living In Fairhope, AL

So, about how much do homes cost in Fairhope? The most recent median value of resident-owned homes in Fairhope is 296,362. An estimated 78.1 percent of households in Fairhope own their homes, with an average family size of 3.22. The median household income in Fairhope is 75,197, with36.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fairhope, the median commute time of resident workers (in minutes) is 24.5. And last, but certainly not least, are you looking for homes to rent in Fairhope? If so, the average rent price paid by renters in Fairhope is 1,196, according to recent statistics.

Diversity And Demographics In Fairhope, Alabama

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fairhope, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Fairhope is 43.7, split between 47.3 percent male versus 52.7 female. The percentage of residents who report being married in Fairhope is 60.1, with an average family size of 3.22.

The percentage of residents who report their race in Fairhope is as follows:

White 89.7%
Black / African American 4.6%
Asian 3%
American Indian / Alaskan Native 0.8%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.5%
Other 1.4%

Looking for family-friendly neighborhoods in and/or near Fairhope? Or maybe you are searching for 55+ active adult communities in and/or near Fairhope?

The percentage of residents who report their age in Fairhope is as follows:

Under 10 12.1%
Aged 10-19 15.9%
20s 8.3%
30s 10.2%
40s 11.8%
50s 11.7%
60s 12.1%
70s 11.5%
80+ 6.6%

Best Schools In Fairhope, Alabama

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fairhope with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fairhope.

Pros And Cons Of Living In Fairhope, Alabama

How do you know that living in -- or moving to -- Fairhope is right where you need to be? Perhaps you grew up in Fairhope or already live nearby; therefore, the decision to buy a home in Fairhope is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fairhope for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fairhope:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fairhope.

Reasons To Move To Fairhope, Alabama, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fairhope can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fairhope, meanwhile, can field multiple offers from more qualified buyers.

Fairhope, AL Rent To Own Homes


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