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Fairmont Micro Area Housing

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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 Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle 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 Area	Minnesota	U.S.
Total Housing Units	10,009, see rank, 100%	2,347,201	131,704,730
Occupied Housing Units	9,035, 90.27%, see rank	88.92%	88.62%
Owner Occupied	6,802, 67.96%, see rank	64.92%	57.69%
Renter Occupied	2,233, 22.31%, see rank	24.00%	30.93%
Vacant Housing Units	974, 9.73%, see rank	11.08%	11.38%
For Rent	274, 2.74%, see rank	2.05%	3.14%
For Sale Only	135, 1.35%, see rank	1.31%	1.44%
Rented or Sold, Not Occupied	47, 0.47%, see rank	0.40%	0.48%
For Seasonal, Recreational, or Occasional Use	170, 1.70%, see rank	5.56%	3.53%
For Migrant Workers	3, 0.03%, see rank	0.01%	0.02%
Other Vacant	345, 3.45%, see rank	1.74%	2.77%

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

Year Structure Built

Median Built Year, #897

Fairmont Area	Minnesota	U.S.
1956	1974	1975

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	%	Minnesota	U.S.
Owner-Occupied Units	6,716	100%	1,534,719	75,484,661
With a Mortgage	3,743	55.73%, see rank	70.29%	67.13%
Without a Mortgage	2,973	44.27%, see rank	29.71%	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 Costs	Fairmont Area	%	Minnesota	U.S.
$299 or Less	7	0.19%, see rank	0.15%	0.18%
$300 to $499	196	5.24%, see rank	1.35%	1.59%
$500 to $699	493	13.17%, see rank	3.93%	4.89%
$700 to $999	1,138	30.40%, see rank	11.55%	13.71%
$1,000 to $1,499	1,054	28.16%, see rank	28.98%	26.97%
$1,500 to $1,999	543	14.51%, see rank	25.69%	20.33%
$2,000 to $2,999	244	6.52%, see rank	20.87%	20.10%
$3,000 or More	68	1.82%, see rank	7.48%	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	%	Minnesota	U.S.
10% or Less	303	8.10%, see rank	5.07%	5.04%
10% to 20%	1,501	40.10%, see rank	31.51%	29.70%
20% to 30%	1,004	26.82%, see rank	31.12%	28.18%
30% to 40%	372	9.94%, see rank	14.59%	14.80%
40% or More	558	14.91%, see rank	17.44%	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 Costs	Fairmont Area	%	Minnesota	U.S.
$199 or Less	255	8.58%, see rank	4.60%	7.99%
$200 to $299	709	23.85%, see rank	11.75%	15.31%
$300 to $499	1,307	43.96%, see rank	41.75%	35.02%
$500 to $699	577	19.41%, see rank	26.50%	20.88%
$700 or More	125	4.20%, see rank	15.40%	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	%	Minnesota	U.S.
10% or Less	1,450	48.77%, see rank	41.87%	39.10%
10% to 20%	853	28.69%, see rank	32.17%	31.88%
20% to 30%	319	10.73%, see rank	11.83%	12.59%
30% to 40%	109	3.67%, see rank	5.25%	5.84%
40% or More	240	8.07%, see rank	8.18%	9.41%

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

Units in Structure

	Fairmont Area	Minnesota	U.S.
Total Housing Units	10,003, 100%	2,347,928	131,642,457
1-unit, Detached	8,069, 80.67%, see rank	67.39%	61.70%
1-unit, Attached	64, 0.64%, see rank	7.37%	5.79%
2 Units	155, 1.55%, see rank	2.37%	3.80%
3 or 4 Units	188, 1.88%, see rank	2.10%	4.44%
5 to 9 Units	407, 4.07%, see rank	2.20%	4.78%
10 or More Units	865, 8.65%, see rank	14.95%	12.89%
Mobile Home, Boat, RV, Van, etc.	255, 2.55%, see rank	3.62%	6.60%

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

Rooms

	Fairmont Area	Minnesota	U.S.
Total Housing Units	10,003, 100%	2,347,928	131,642,457
1 Room	92, 0.92%, see rank	1.44%	1.95%
2 Rooms	231, 2.31%, see rank	2.60%	2.36%
3 Rooms	628, 6.28%, see rank	9.21%	8.97%
4 Rooms	1,013, 10.13%, see rank	14.15%	16.57%
5 Rooms	1,713, 17.12%, see rank	15.77%	20.41%
6 Rooms	1,686, 16.85%, see rank	15.21%	18.25%
7 Rooms	1,475, 14.75%, see rank	12.97%	12.38%
8 Rooms	1,480, 14.80%, see rank	11.07%	8.59%
9 Rooms or More	1,685, 16.84%, see rank	17.58%	10.52%
Median Rooms	6.30, see rank	5.90	5.50

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

Bedrooms

	Fairmont Area	Minnesota	U.S.
Total Housing Units	10,003, 100%	2,347,928	131,642,457
No Bedroom	119, 1.19%, see rank	1.66%	2.16%
1 Bedroom	946, 9.46%, see rank	11.72%	11.12%
2 Bedrooms	2,672, 26.71%, see rank	26.87%	26.85%
3 Bedrooms	3,730, 37.29%, see rank	34.37%	39.76%
4 Bedrooms	2,062, 20.61%, see rank	19.64%	15.95%
5 or More Bedrooms	474, 4.74%, see rank	5.75%	4.16%

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

House Heating Fuel

	Fairmont Area	Minnesota	U.S.
Total Housing Units	8,887, 100%	2,101,875	115,226,802
Utility Gas	5,620, 63.24%, see rank	67.41%	49.42%
Bottled, Tank, or LP Gas	1,718, 19.33%, see rank	9.97%	5.03%
Electricity	1,001, 11.26%, see rank	15.14%	35.51%
Fuel Oil, Kerosene, etc.	290, 3.26%, see rank	3.14%	6.46%
Coal or Coke	0, 0.00%, see rank	0.02%	0.12%
Wood	111, 1.25%, see rank	2.55%	2.08%
Solar Energy	0, 0.00%, see rank	0.01%	0.04%
Other Fuel	135, 1.52%, see rank	1.20%	0.43%
No Fuel Used	12, 0.14%, see rank	0.55%	0.90%

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

Gross Rent

Monthly Rental	Fairmont Area	Minnesota	U.S.
Occupied Units Paying Rent	2,007, 100%	540,440	37,562,111
$199 or Less	107, 5.33%, see rank	2.94%	1.76%
$200 to $299	265, 13.20%, see rank	5.00%	3.29%
$300 to $499	413, 20.58%, see rank	9.95%	8.20%
$500 to $699	435, 21.67%, see rank	19.19%	17.39%
$700 to $999	505, 25.16%, see rank	33.21%	29.40%
$1,000 to $1,499	181, 9.02%, see rank	21.48%	25.73%
$1,500 to $1,999	22, 1.10%, see rank	6.02%	8.92%
$2,000 or More	79, 3.94%, see rank	2.21%	5.30%
Median	$599, see rank	$802	$889

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

Vehicle Available

	Fairmont Area	Minnesota	U.S.
Occupied Housing Units	8,887, 100%	2,101,875	115,226,802
No Vehicles Available	735, 8.27%, see rank	7.08%	9.03%
1 Vehicles Available	2,474, 27.84%, see rank	30.26%	33.67%
2 Vehicles Available	3,723, 41.89%, see rank	40.78%	37.64%
3 or More Vehicles Available	1,955, 22.00%, see rank	21.89%	19.66%

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