Fairmont, NE is a great city for people who want to invest in housing. The median value of homes in the city is $134,700, which is significantly lower than the US median house value of $338,100. Although the price of Fairmont homes is lower than the national average, it has appreciated at a higher rate over the last year. The 1 year house appreciation rate for Fairmont stands at 10.45%, which is higher than the national rate of 8.27%. Overall, Fairmont is an attractive market for home buyers looking to invest in affordable housing with potential for growth in equity.
The median home cost in Fairmont is $134,700. Home appreciation the last 10 years has been 80.6%. Home Appreciation in Fairmont is up 15.2%.
Average Age of Homes
- The median age of Fairmont real estate is 78 years old
The Rental Market in Fairmont
- Renters make up 18.7% of the Fairmont population
- 0.0% 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.