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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 6.40% |
| Two Bedrooms | 31.30% |
| Three Bedrooms | 44.90% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $149,900 |
| Median Price asked for vacant units | $155,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $561 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 7.30% |
| Simple Mortgage | 47.50% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
