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City Report · AL

Fairhope

Pop. 24,190·1st most expensive in Alabama·Fairhope rents are up 12.3% over the past year
Median rent (all units)
$2,242/mo
Year-over-Year
+12.3%
Month-over-Month
+3.6%
vs US Median
+$277
Rising (Monthly)
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Most AffordableMost Expensive
Fairhope · $2,242
More expensive than 71% of US cities · National median $1,965/mo
Rent Reality Score
47/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Fairhope's 10-year trend predicts.

Actual rent
$2,242/mo
Expected by trend
$2,208/mo
The Rent Reality Score compares today's median rent to where Fairhope's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,140
1 BR
$1,220
2 BR
$1,460
3 BR
$1,820
4 BR+
$2,320
Research median
$1,460/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$26,904/yr
At $2,242/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.3% YoY, +3.6% MoM), not inventory.
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Demographics

Who lives here

Fairhope, AL is majority owner-occupied, has a large retiree population, has a median income above the national average, 53.5% of residents hold a bachelor's degree or higher.

Population
24,190
Median income
$94,274
Median age
48.2
Renters
19.6%
Age distribution
21.3%
12.3%
25%
15.4%
26%
Under 1821.3%
18–3412.3%
35–5425%
55–6415.4%
65+26%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
88.9%
White88.9%
Black3.2%
Hispanic4.7%
Asian0.6%
Other2.5%
Education (25+)
14.2%
27.3%
53.5%
No HS diploma4.9%
HS diploma14.2%
Some college27.3%
Bachelor's+53.5%
Housing tenure
80.4%
19.6%
Owner80.4%
Renter19.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Fairhope, AL has changed in 5 years

Rent
$1,695 → $2,242
up 32.3%
Income
$83,258 → $94,274
up 13.2%
Population
21,825 → 24,190
up 10.8%
Renter share
17% → 19.6%
+2.6 pts
Bachelor's+
54% → 53.5%
-0.5 pts
Median age
43.1 → 48.2
+5.1 yrs

The median rent in Fairhope, AL stood at $1,695 in 2022 and currently runs about $2,242, reflecting a 32.3% increase over the period. Household income in the area moved from $83,258 to $94,274 across the same window, up 13.2% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 10.8% since 2021, moving from about 21,825 residents to roughly 24,190. Renters now make up 19.6% of households, compared with 17% five years ago. Reading these numbers side by side helps frame whether current listings in Fairhope, AL look reasonable against where the market sat half a decade ago.

Community

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View Fairhope rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fairhope on your salary?

At $2,242/mo, how Fairhope rent compares to typical pay (30% rule).

By apartment size

Fairhope rent by bedroom count

Median rent for each apartment size in Fairhope. Click any size for full breakdown.

Local insights

Tips for renters in Fairhope

About renting in Fairhope, AL

Last updated: July 20, 2026

The median rent in Fairhope is $2,242/mo as of July 2026. A studio apartment averages $1,140/mo while a 2-bedroom runs $1,460/mo. One-bedroom apartments average $1,220/mo and 3-bedroom units go for $1,820/mo.

At 29% of local median household income ($94,274/yr), Fairhope ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.3% over the past year.

FAQ

Frequently asked questions

Is Fairhope an affordable city for renters?

Fairhope is considered affordable for renters. At $2,242/mo, rent takes approximately 29% of the local median household income ($94,274/yr). The standard benchmark is 30%. Fairhope falls comfortably within that range.

How much income do you need to rent in Fairhope?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (~$43/hour full-time) to afford the median rent of $2,242/mo in Fairhope. The local median household income is $94,274/yr, meaning the typical Fairhope household meets that threshold.

Is rent going up or down in Fairhope?

Rent in Fairhope has increased 12.3% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Fairhope rent compare to other cities in Alabama?

Fairhope is one of the pricier cities in Alabama for rent, ranking #1 out of 70 tracked cities at $2,242/mo.

Which nearby cities are cheaper to rent in than Fairhope?

Several nearby cities have lower median rents than Fairhope ($2,242/mo): Mobile ($1,311/mo), Daphne ($1,556/mo), Spanish Fort ($1,666/mo).

What percentage of Fairhope residents rent vs. own?

According to Census data, approximately 19.6% of Fairhope households are renters, while 80.4% are owner-occupied. Fairhope leans toward homeownership, which can mean a smaller rental inventory.

How does Fairhope rent compare to the national average?

Fairhope's median rent of $2,242/mo is $277 (14%) above the US national median of $1,965/mo. Within Alabama, it ranks #1 out of 70 tracked cities.
Income Affordability
29%
AFFORDABLE

At $2,242/mo, rent takes ~29% of Fairhope's median household income ($94,274/yr). The standard benchmark is 30%.

Fairhope 29%Benchmark 30%
State income tax2–5%
Run the Fairhope affordability calculator →
Lowest-rent ZIP codes in Fairhope
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fairhope, AL

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