Fairmount, NY is an attractive community for potential homeowners due to its relatively low median home value of $167,100 when compared to the US median home value of $338,100. Additionally, Fairmount has experienced an exceptionally high one year house appreciation rate of 13.37%, which is significantly higher than the US average appreciation rate of 8.27%. These factors combined make Fairmount an ideal location for potential homeowners looking for a place with a low median housing value that has seen significant appreciation over the past year.
The median home cost in Fairmount is $167,100. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Fairmount is up 13.3%.
Average Age of Homes
- The median age of Fairmount real estate is 59 years old
The Rental Market in Fairmount
- Renters make up 18.2% of the Fairmount population
- 1.2% 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.