Fairhope, AL housing market
Typical home value
$471K
▲ 1.7% 1 yr
Typical rent
$1,771/mo
▲ 0.5% 1 yr
Gross rent yield
4.5%
U.S. 6.3%
5-year home value change
+20%
U.S. +20%
Key takeaways
- 1The typical home in Fairhope is worth $470,927, up 1.7% over the past year and up 20% over five years.
- 2Typical rent is $1,771 a month (+0.5% YoY), a gross rent yield of 4.5% (below the Daphne, AL metro's 5.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,588/mo, $817 more than typical rent.
- 4Zillow forecasts the Daphne, AL metro's home values to change +1.9% over the next 12 months.
Market temperature (Daphne, AL metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 43/100, #230 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Fairhope compares
| Measure | Fairhope | Daphne, AL metro | United States |
|---|---|---|---|
| Typical home value | $470,927 | $371,460 | $366,157 |
| Home value, 1-yr change | +1.7% | +0.1% | +1.2% |
| Typical rent | $1,771 | $1,701 | $1,932 |
| Rent, 1-yr change | +0.5% | +2.1% | +2.7% |
| Gross rent yield | 4.5% | 5.5% | 6.3% |
| Price-to-rent ratio | 22.2 | 18.2 | 15.8 |
| Mortgage P&I, typical home | $2,588 | $2,041 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Fairhope rental, pre-filled.
Rent vs buy in Fairhope
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $471K home.
Other cities in the Daphne, AL metro
Foley, AL
$303K home$1,691 rent
▼ 1.6% 1 yr
Daphne, AL
$329K home$1,612 rent
▲ 0.1% 1 yr
Gulf Shores, AL
$453K home$1,790 rent
■ 0.0% 1 yr
Spanish Fort, AL
$385K home$1,612 rent
▲ 1.1% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.