The housing market in Fairmount, IN is thriving and has seen significant appreciation in the past year. The median value of housing in Fairmount is $126,100, which is significantly lower than the US median value of $338,100. However, this lower cost of housing combined with an appreciating 9.99% yearly rate makes Fairmount an attractive option for those looking to invest in the real estate market. Furthermore, with its proximity to major cities and job opportunities, Fairmount is an ideal location for both homeowners and investors alike.
The median home cost in Fairmount is $126,100. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Fairmount is up 10.5%.
Average Age of Homes
- The median age of Fairmount real estate is 56 years old
The Rental Market in Fairmount
- Renters make up 22.7% of the Fairmount population
- 0.0% of houses and apartments in Fairmount, 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.