Fairmount, TN Real Estate

According to census data in the year 2000 there were 963 housing units in Fairmount. This represents a 59.2% growth from 605 in 1990.

Of those housing units, 493 were located in either urbanized areas or urban clusters, and 470 were located in what is classified as a rural area.

Homeownership rate in Fairmount is about 85.9%. Fairmount's vacancy rate, including seasonal lodging, is about 5.6%. Average household size is 2.83 people.

The majority of houses, apartments or condos in Fairmount were built after 1984.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.10%
Two Bedrooms17.10%
Three Bedrooms39.90%
Four Bedrooms35.20%
Five Bedrooms or more4.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.91
Median year structure was built1985
Median Value of occupied units$176,500
Median Price asked for vacant units$76,100

Rented Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1964
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.70%
Home Equity Loan16.40%
Simple Mortgage54.40%
Debt Free24.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17%