Fairmont, MN Real Estate
According to census data in the year 2000 there were 5,036 housing units in Fairmont.
This represents a 0.9% growth from 4,989 in 1990.
Of those housing units, 4,743 were located in either urbanized areas or urban clusters, and 293 were located in what is classified as a rural area.
Homeownership rate in Fairmont is about 73.8%.
Fairmont's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Fairmont were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 14.10% |
| Two Bedrooms | 29.10% |
| Three Bedrooms | 40% |
| Four Bedrooms | 12.90% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $69,800 |
| Median Price asked for vacant units | $52,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $202 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 9.80% |
| Simple Mortgage | 41.80% |
| Debt Free | 40.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
