The housing market in Fairmont, NC is growing at an impressive rate. The median value of homes in Fairmont is currently $92,400 compared to the national median value of $338,100. This disparity in median home values allows for more affordable housing options. Furthermore, Fairmont has experienced a one year house appreciation rate of 16.91%, which is much higher than the national average of 8.27%. This rapid growth makes investing in the housing market in Fairmont, NC a good option and indicates that the city's real estate prospects are looking strong for the foreseeable future.
The median home cost in Fairmont is $92,400. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Fairmont is up 19.9%.
Average Age of Homes
- The median age of Fairmont real estate is 51 years old
The Rental Market in Fairmont
- Renters make up 42.1% of the Fairmont population
- 0.8% of houses and apartments in Fairmont, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.