Fairmount, ND has a median home value of $103,500, which is much lower than the US median home value of $338,100. However, Fairmount is experiencing a much higher house appreciation rate over the past year with 12.36% compared to the US average of 8.27%. This indicates that housing in Fairmount has been gaining value quickly and could be an attractive option for potential buyers or investors looking to benefit from rising housing prices.
The median home cost in Fairmount is $103,500. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Fairmount is up 13.5%.
Average Age of Homes
- The median age of Fairmount real estate is 78 years old
The Rental Market in Fairmount
- Renters make up 15.6% of the Fairmount population
- 4.0% 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.