Fairhope, AL Apartment Market & Multifamily Brokerage
Baldwin County, AL
Fairhope is one of Baldwin County's most in-demand addresses — 24,190 residents, 19 tracked properties, and 1,423 units, in a market known as much for its charm as its growth.
At 58.8 units per 1,000 residents, multifamily is a modest share of the housing stock here — this remains a predominantly ownership-driven market, which makes the renter demand that does exist highly competitive for space.
Average asking rent runs $1,762/unit, the highest in our coverage area. With developable land scarce, existing product is capturing pricing power that newer competitors can't touch.
Fairhope was founded in 1894 as a single-tax colony, and the Fairhope Single Tax Corporation still holds land in the city today, one reason developable land stays scarce.
Steven Rowe and Gulf Coast Multifamily represent owners of 10+ unit apartment properties in Fairhope and across Baldwin County, AL. If you're thinking about selling, refinancing, or just want to know what your property is worth, a confidential conversation costs nothing.