Fairmount, IN Real Estate
According to census data in the year 2000 there were 1,314 housing units in Fairmount.
This represents a 4.1% growth from 1,262 in 1990.
Of those housing units, 1,303 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.
Homeownership rate in Fairmount is about 76.8%.
Fairmount's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Fairmount were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.70% |
| Two Bedrooms | 29.20% |
| Three Bedrooms | 46.90% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $58,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $99 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 6.40% |
| Simple Mortgage | 45.90% |
| Debt Free | 41.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
