Home Values

Fairhope Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$235,000

  • 0.8% 1-year change
  • None 1-year forecast

The median home value in Fairhope is $235,000. Fairhope home values have gone up 0.8% over the past year. The median list price per square foot in Fairhope is None.

Foreclosures will be a factor impacting home values in the next several years. In Fairhope 0.7 homes are foreclosed (per 10,000). This is lower than the national value of 3.5

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 3.4%, which is lower than the national value of 6.0%. 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 10.1%.

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Relative ZHVI
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Fairhope Market Overview

Data through May 31, 2015
  • $235,000 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $224,108 Median sale price
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Fairhope Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 10.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

0.7 homes(Apr 30, 2015) Fairhope
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Spanish Fort $220,800
Gulf Shores $208,700
Stapleton $155,000
Name Median ZHVI
Daphne $152,700
Silverhill $144,300
Loxley $139,600
Name Median ZHVI
Foley $133,800
Summerdale $132,100
Theodore $94,700

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $115 Median sale price / sq ft
  • No data Listings with price cut
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Fairhope Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,542 Fairhope
    $1,347 Daphne Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $0.94 Rent list price / sq ft
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