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Fairhope

Learn about the people, housing, costs and businesses in Fairhope, Pennsylvania

Median Home$132,700
Median Rent$695/month
Population1,077
Leading IndustriesTransportation · Education · Professional Services8% transportation
Home Value Growth-9.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners61% of occupied units
NotableAffordable Market$133k median home · lower cost than 80% of the country
Fairhope
PA

Frequently Asked Questions

What are today's mortgage rates in Fairhope?

As of today, the 30-year fixed mortgage rate for Fairhope is approximately 7.093% (7.139% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fairhope?

The median home value in Fairhope is $133k. The median monthly rent is $695. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairhope?

Home values in Fairhope have decreased 9.7% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fairhope?

Based on a typical all-in ownership cost of $641/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairhope is $43k/year.

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What industries drive the economy in Fairhope?

The largest employment sectors in Fairhope are public administration (23%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.