Fairhope is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Alabama. With a population of 23,147 people and five constituent neighborhoods, Fairhope is the 26th largest community in Alabama. There's nothing like the smell of a brand new house, and in Fairhope, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Fairhope, and putting down their money on brand new construction. Fairhope’s real estate is, on average, some of the newest in the nation. Fairhope does seem to be experiencing an influx of affluent people, because the median household income is $83,258.00.
Fairhope home prices are not only among the most expensive in Alabama, but Fairhope real estate also consistently ranks among the most expensive in America.
Also of interest is that Fairhope has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.87% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Fairhope is a great place for families with children to consider. First of all, many other families with children live here, making Fairhope a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Fairhope has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Fairhope’s overall crime rate is lower than average for the country.
Fairhope is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
As is often the case in a small city, Fairhope doesn't have a public transportation system that people use for their commute.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Fairhope. 54.01% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Fairhope in 2018 was $44,534, which is wealthy relative to Alabama and the nation. This equates to an annual income of $178,136 for a family of four. However, Fairhope contains both very wealthy and poor people as well.
The people who call Fairhope home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Fairhope residents report their race to be White, followed by Black or African-American. Important ancestries of people in Fairhope include English, Irish, German, Scottish, and Italian.
The most common language spoken in Fairhope is English. Other important languages spoken here include Spanish and Polish.