Fairhope Home Prices & Values

$229,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.4% 1-year change
  • No data 1-year forecast

The median home value in Fairhope is $229,500. Fairhope home values have gone up 10.4% over the past year. The median list price per square foot in Fairhope is $125, which is lower than the Daphne Metro average of $135. The median price of homes currently listed in Fairhope is $285,000 while the median price of homes that sold is $207,429.

Foreclosures will be a factor impacting home values in the next several years. In Fairhope 0.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Fairhope is 2.7%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Fairhope homeowners underwater on their mortgage is 11.7%.

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Relative ZHVI
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Fairhope Market Overview

Data through Jun 30, 2014
  • $229,500 ZHVI
  • No data 1-yr forecast
  • $285,000 Median listing price
  • $207,429 Median sale price
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Fairhope Market Health

Data through Jun 30, 2014
  • 9.7/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 11.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 2.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.8 homes Fairhope
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Spanish Fort $229,000 Gulf Shores $217,300 Daphne $160,500
Stapleton $156,800 Silverhill $153,500 Loxley $152,400
Summerdale $142,000 Foley $142,000 Theodore $99,800

Listings & Sales

Data through Jun 30, 2014
  • $125 Median list price / sq ft
  • $108 Median sale price / sq ft
  • 27.7% Listings with price cut
24.0%
Sold below listing
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Fairhope Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,402 Fairhope
$1,257 Daphne Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.86 Rent list price / sq ft
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