Fairmont, WV Real Estate
According to census data in the year 2000 there were 9,808 housing units in Fairmont.
This represents a 1.5% decline from 9,958 in 1990.
Of those housing units, 9,782 were located in either urbanized areas or urban clusters, and 26 were located in what is classified as a rural area.
Homeownership rate in Fairmont is about 62.9%.
Fairmont's vacancy rate, including seasonal lodging, is about 13.7%.
Average household size is 2.16 people.
The majority of houses, apartments or condos in Fairmont were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 16% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 37.50% |
| Four Bedrooms | 11.70% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $62,000 |
| Median Price asked for vacant units | $41,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $337 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 3.90% |
| Simple Mortgage | 40% |
| Debt Free | 51.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
