Fairhope, AL Rental Market Trends
What is the average rent in Fairhope?
The average rent for an apartment in Fairhope is $1,074, a 7% increase compared to the previous year, when the average rent was $1,007.
Average Rent in Fairhope, AL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,074||7%||1,081 sq. ft.|
What is the average apartment size in Fairhope?
The average size for a Fairhope, AL apartment is 1,081 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Fairhope, AL Apartment Rent Ranges
Fairhope, AL Occupied Housing Units
2,184 or 28% of the households in Fairhope, AL are renter-occupied while 5,606 or 71% are owner-occupied.
Fairhope, AL Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Sep / 2021|
How Fairhope Compares to Other Cities
|Average Rent||Y-o-Y Change|
|Panama City Beach||$1,664||15%|
|Fort Walton Beach||$1,330||13%|