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.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.60%
Two Bedrooms43.70%
Three Bedrooms38.30%
Four Bedrooms10.10%
Five Bedrooms or more3.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.16
Median year structure was built1953
Median Value of occupied units$82,200
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1960

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.50%
Home Equity Loan1.20%
Simple Mortgage64.70%
Debt Free29.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.4%