Market Overview
Home Prices in Fairhope, AL
The median home value in Fairhope, AL is $471,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairhope are priced15% above average. Fairhope is part of the Daphne-Fairhope-Foley, AL metro area.
Over the past five years, Fairhope home values have risen by approximately25.5%, reflecting strong long-term appreciation in this market.
Price History
Fairhope Home Price Trend
City Comparison
Fairhope vs. National Median
At $471,631, homes in Fairhope cost 15% above the national median of $410,000. Buyers in Fairhope should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Fairhope?
20% Down Payment
$94,326
on $471,631
Monthly P&I
$2,460/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,124/mo
incl. taxes & insurance
Income Needed
$124,960
gross annual (30% rule)
10% Down Option
$47,163
+ PMI applies
Loan Amount (20% dn)
$377,305
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fairhope, AL?
The median home value in Fairhope is $471,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Fairhope?
Over the past year, home values in Fairhope have increased by 0.6%. Over five years, prices have risen approximately 25.5%.
How much do I need to earn to buy a home in Fairhope?
To comfortably afford the median home price of $471,631 with a 20% down payment ($94,326) at today's rates (6.8%), you'd need a gross annual income of approximately $124,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairhope compare to the national average home price?
The national median home value is approximately $410,000. At $471,631, homes in Fairhope are 15% above the national average.
What metro area is Fairhope part of?
Fairhope is part of the Daphne-Fairhope-Foley, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.