Fairmont, IL Real Estate
According to census data in the year 2000 there were 891 housing units in Fairmont.
This represents a 6.9% decline from 957 in 1990.
Of those housing units, 867 were located in either urbanized areas or urban clusters, and 24 were located in what is classified as a rural area.
Homeownership rate in Fairmont is about 75.7%.
Fairmont's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 3.02 people.
The majority of houses, apartments or condos in Fairmont were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.60% |
| Two Bedrooms | 43.70% |
| Three Bedrooms | 38.30% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.16 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $82,200 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1960 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 1.20% |
| Simple Mortgage | 64.70% |
| Debt Free | 29.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
