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 24,974 people and five associated 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 $86,509.00.

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: 13.59% 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.

Fairhope is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Fairhope’s overall crime rate is lower than average for the country.

One of the nice things about Fairhope is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.

Being a small city, Fairhope does not have a public transit system used by locals to get to and from work.

If knowledge is power, Fairhope is a pretty powerful place. 53.42% of the adults in Fairhope have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Fairhope in 2022 was $52,160, which is wealthy relative to Alabama and the nation. This equates to an annual income of $208,640 for a family of four. However, Fairhope contains both very wealthy and poor people as well.

Fairhope is a somewhat ethnically-diverse city. 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, Italian, and Scottish.

The most common language spoken in Fairhope is English. Other important languages spoken here include Spanish and Polish.