Fairmont City, IL is an affordable housing market, with a median value of $60,800 compared to the US median of $338,100. This has been further bolstered by a 1 year house appreciation rate of 10.25%, higher than the US average of 8.27%. This makes Fairmont City an attractive option for those looking to purchase homes and enjoy a good return on their investment in the near future.
The median home cost in Fairmont City is $60,800. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Fairmont City is up 12.4%.
Average Age of Homes
- The median age of Fairmont City real estate is 56 years old
The Rental Market in Fairmont City
- Renters make up 33.5% of the Fairmont City population
- 0.0% of houses and apartments in Fairmont City, 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.