What is the median home price in Fairmont?

The median home price in Fairmont, Fairmont city, Minnesota is $156,700, which is 44% below the national average of 281,900 ($281,900).

Fairmont, Fairmont city, Minnesota has a violent crime rate of 1.2 per 1,000 residents, which is 67% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.7 per 1,000 residents.

What is the Walk Score for Fairmont?

Fairmont, Fairmont city, Minnesota has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 26/100.

What is the median household income in Fairmont?

The median household income in Fairmont, Fairmont city, Minnesota is $56,744, which is 24% below the national average of 74,580 ($74,580).

What is the average rent in Fairmont?

The median rent in Fairmont, Fairmont city, Minnesota is $850 per month. The national average median rent is $1,163/month.

What is the air quality in Fairmont?

Fairmont, Fairmont city, Minnesota has an Air Quality Index (AQI) of 38, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Fairmont?

The population of Fairmont, Fairmont city, Minnesota is approximately 10,411. The homeownership rate is 84.0% (national average: 65.9%).

What are the climate risks in Fairmont?

Fairmont, Fairmont city, Minnesota has an overall climate risk rating of "Relatively Moderate" with a risk score of 77.17. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Fairmont affordable?

Fairmont, Fairmont city, Minnesota has an affordability index of 171, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 14.6¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Fairmont?

The unemployment rate in Fairmont, Fairmont city, Minnesota is 5.3%. The national average unemployment rate is 3.7%. The poverty rate is 13.9% (national average: 12.4%).

Fairmont

Fairmont city, Minnesota

Affordable

About Fairmont

If you're seeking a slice of Americana where affordability reigns supreme, then Fairmont, Minnesota, should be on your radar. This charming community of just over 10,000 residents offers a lifestyle that harks back to a simpler time, where neighbors know each other and community events are the norm. The cost of living is a major draw, with a median home value of around $156,700, making homeownership a realistic dream compared to the national median. This translates to more disposable income for enjoying the local parks, exploring the nearby lakes, or simply relaxing and enjoying the tranquil pace of life. Fairmont offers a refreshing escape from the hustle and bustle, a place where you can truly put down roots without breaking the bank.

From an investment perspective, Fairmont presents a compelling case. While the median household income of $56,744 is slightly below the national average, the low cost of entry into the housing market means your dollar stretches further here. The city boasts a solid, stable workforce, with many residents employed in the agricultural and manufacturing sectors. The community is known for its safety and welcoming atmosphere, making it ideal for families, retirees, and anyone seeking a secure and affordable place to call home. If you're looking for a sound investment in a community that values its residents and its history, Fairmont is a hidden gem worth discovering.

Fairmont, Minnesota at a Glance

Fairmont is a city in Fairmont city, Minnesota with a population of approximately 10,411. The median home value is $156,700 and the median household income is $56,744. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $850 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.