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Fairmont Micro Area Housing

 

As of 2008-2012, median price of a house in Fairmont Area is $102,200, which is much lower than the state average of $185,200 and is much lower than the national average of $175,700. The median year that a house in Fairmont Area was built is 1956, which is older than the median year for a house built in the state which is 1974 and is older than the median year for a house built in the USA which is 1975.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 6,716 Owner Occupied Houses in Fairmont Area, #653
Fairmont Area
102,200 USD
Minnesota
194,300 USD
U.S.
181,400 USD
Median House Price Growth Since 2005-2009, see rank
Fairmont Area
6.79%
Minnesota
51.31%
U.S.
46.91%

*The Fairmont Area median house price growth rate is since 2005-2009. The Minnesota and U.S population growth rate is since 2000.
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2008-2012 data. View historical house value data.

Housing Occupancy

 Fairmont AreaMinnesotaU.S.
Total Housing Units10,009, see rank, 100%2,347,201131,704,730
Occupied Housing Units9,035, 90.27%, see rank88.92%88.62%
Owner Occupied6,802, 67.96%, see rank64.92%57.69%
Renter Occupied2,233, 22.31%, see rank24.00%30.93%
Vacant Housing Units974, 9.73%, see rank11.08%11.38%
For Rent274, 2.74%, see rank2.05%3.14%
For Sale Only135, 1.35%, see rank1.31%1.44%
Rented or Sold, Not Occupied47, 0.47%, see rank0.40%0.48%
For Seasonal, Recreational, or Occasional Use170, 1.70%, see rank5.56%3.53%
For Migrant Workers3, 0.03%, see rank0.01%0.02%
Other Vacant345, 3.45%, see rank1.74%2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #897
Fairmont AreaMinnesotaU.S.
195619741975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2008-2012 data. View historical year structure built data.

Mortgage Status

 Fairmont Area%MinnesotaU.S.
Owner-Occupied Units6,716100%1,534,71975,484,661
With a Mortgage3,74355.73%, see rank70.29%67.13%
Without a Mortgage2,97344.27%, see rank29.71%32.87%

*Based on 2008-2012 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Fairmont Area
1,014 USD
Minnesota
1,571 USD
U.S.
1,559 USD

Owner Costs Distribution
Monthly Owner CostsFairmont Area%MinnesotaU.S.
$299 or Less70.19%, see rank0.15%0.18%
$300 to $4991965.24%, see rank1.35%1.59%
$500 to $69949313.17%, see rank3.93%4.89%
$700 to $9991,13830.40%, see rank11.55%13.71%
$1,000 to $1,4991,05428.16%, see rank28.98%26.97%
$1,500 to $1,99954314.51%, see rank25.69%20.33%
$2,000 to $2,9992446.52%, see rank20.87%20.10%
$3,000 or More681.82%, see rank7.48%12.24%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Fairmont Area
20.50% of the Total Income
Minnesota
23.70% of the Total Income
U.S.
24.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Fairmont Area%MinnesotaU.S.
10% or Less3038.10%, see rank5.07%5.04%
10% to 20%1,50140.10%, see rank31.51%29.70%
20% to 30%1,00426.82%, see rank31.12%28.18%
30% to 40%3729.94%, see rank14.59%14.80%
40% or More55814.91%, see rank17.44%21.80%

*Based on 2008-2012 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Fairmont Area
374 USD
Minnesota
463 USD
U.S.
449 USD

Owner Costs Distribution
Monthly Owner CostsFairmont Area%MinnesotaU.S.
$199 or Less2558.58%, see rank4.60%7.99%
$200 to $29970923.85%, see rank11.75%15.31%
$300 to $4991,30743.96%, see rank41.75%35.02%
$500 to $69957719.41%, see rank26.50%20.88%
$700 or More1254.20%, see rank15.40%20.80%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Fairmont Area
10.30% of the Total Income
Minnesota
11.90% of the Total Income
U.S.
12.60% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Fairmont Area%MinnesotaU.S.
10% or Less1,45048.77%, see rank41.87%39.10%
10% to 20%85328.69%, see rank32.17%31.88%
20% to 30%31910.73%, see rank11.83%12.59%
30% to 40%1093.67%, see rank5.25%5.84%
40% or More2408.07%, see rank8.18%9.41%

*Based on 2008-2012 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Fairmont AreaMinnesotaU.S.
Total Housing Units10,003, 100%2,347,928131,642,457
1-unit, Detached8,069, 80.67%, see rank67.39%61.70%
1-unit, Attached64, 0.64%, see rank7.37%5.79%
2 Units155, 1.55%, see rank2.37%3.80%
3 or 4 Units188, 1.88%, see rank2.10%4.44%
5 to 9 Units407, 4.07%, see rank2.20%4.78%
10 or More Units865, 8.65%, see rank14.95%12.89%
Mobile Home, Boat, RV, Van, etc.255, 2.55%, see rank3.62%6.60%

*Based on 2008-2012 data. View historical units in structure data.

Rooms

 Fairmont AreaMinnesotaU.S.
Total Housing Units10,003, 100%2,347,928131,642,457
1 Room92, 0.92%, see rank1.44%1.95%
2 Rooms231, 2.31%, see rank2.60%2.36%
3 Rooms628, 6.28%, see rank9.21%8.97%
4 Rooms1,013, 10.13%, see rank14.15%16.57%
5 Rooms1,713, 17.12%, see rank15.77%20.41%
6 Rooms1,686, 16.85%, see rank15.21%18.25%
7 Rooms1,475, 14.75%, see rank12.97%12.38%
8 Rooms1,480, 14.80%, see rank11.07%8.59%
9 Rooms or More1,685, 16.84%, see rank17.58%10.52%
Median Rooms6.30, see rank5.905.50

*Based on 2008-2012 data. View historical rooms data.

Bedrooms

 Fairmont AreaMinnesotaU.S.
Total Housing Units10,003, 100%2,347,928131,642,457
No Bedroom119, 1.19%, see rank1.66%2.16%
1 Bedroom946, 9.46%, see rank11.72%11.12%
2 Bedrooms2,672, 26.71%, see rank26.87%26.85%
3 Bedrooms3,730, 37.29%, see rank34.37%39.76%
4 Bedrooms2,062, 20.61%, see rank19.64%15.95%
5 or More Bedrooms474, 4.74%, see rank5.75%4.16%

*Based on 2008-2012 data. View historical bedrooms data.

House Heating Fuel

 Fairmont AreaMinnesotaU.S.
Total Housing Units8,887, 100%2,101,875115,226,802
Utility Gas5,620, 63.24%, see rank67.41%49.42%
Bottled, Tank, or LP Gas1,718, 19.33%, see rank9.97%5.03%
Electricity1,001, 11.26%, see rank15.14%35.51%
Fuel Oil, Kerosene, etc.290, 3.26%, see rank3.14%6.46%
Coal or Coke0, 0.00%, see rank0.02%0.12%
Wood111, 1.25%, see rank2.55%2.08%
Solar Energy0, 0.00%, see rank0.01%0.04%
Other Fuel135, 1.52%, see rank1.20%0.43%
No Fuel Used12, 0.14%, see rank0.55%0.90%

*Based on 2008-2012 data. View historical house heating fuel data.

Gross Rent

Monthly RentalFairmont AreaMinnesotaU.S.
Occupied Units Paying Rent2,007, 100%540,44037,562,111
$199 or Less107, 5.33%, see rank2.94%1.76%
$200 to $299265, 13.20%, see rank5.00%3.29%
$300 to $499413, 20.58%, see rank9.95%8.20%
$500 to $699435, 21.67%, see rank19.19%17.39%
$700 to $999505, 25.16%, see rank33.21%29.40%
$1,000 to $1,499181, 9.02%, see rank21.48%25.73%
$1,500 to $1,99922, 1.10%, see rank6.02%8.92%
$2,000 or More79, 3.94%, see rank2.21%5.30%
Median$599, see rank$802$889

*Based on 2008-2012 data. View historical gross rent data.

Vehicle Available

 Fairmont AreaMinnesotaU.S.
Occupied Housing Units8,887, 100%2,101,875115,226,802
No Vehicles Available735, 8.27%, see rank7.08%9.03%
1 Vehicles Available2,474, 27.84%, see rank30.26%33.67%
2 Vehicles Available3,723, 41.89%, see rank40.78%37.64%
3 or More Vehicles Available1,955, 22.00%, see rank21.89%19.66%

*Based on 2008-2012 data. View historical vehicle available data.


 
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