Zip 61841 (Fairmount, IL) Housing

The housing market in 61841 Fairmount, IL is thriving. The median value of homes in the area is $114,400 which is significantly lower than the US average of $338,100. Over the last year, home values have appreciated 8.72%. This rate of growth is slightly higher than the US average appreciation rate of 8.27%. It appears that 61841 Fairmount, IL is a great place to purchase a home as it offers more affordable housing options with an increasing rate of appreciation.

The median home cost in Fairmount (zip 61841) is $114,400. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Fairmount (zip 61841) is up 14.5%.

Average Age of Homes

- The median age of Fairmount (zip 61841) real estate is 54 years old

The Rental Market in Fairmount (zip 61841)

- Renters make up 11.0% of the Fairmount (zip 61841) population
- 0.0% of houses and apartments in Fairmount (zip 61841), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fairmount, Illinois	United States
	498.0	139,647,020.0
	61	42
	$114,400	$338,100
	14.5%	16.6%
	36.1%	57.0%
	46.3%	101.1%
	$18.97	$10.98
	$2,430	$2,690
	84.5%	57.4%
	7.2%	11.2%
	8.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	7.0%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	3.1%	2.4%
	9.0%	2.8%
	18.3%	3.9%
	18.1%	4.5%
	13.1%	11.3%
	16.4%	13.0%
	14.5%	20.1%
	3.6%	13.6%
	2.1%	8.3%
	0.0%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.6%	13.6%
	9.6%	13.6%
	6.8%	13.6%
	7.8%	13.2%
	7.2%	14.8%
	6.8%	13.6%
	10.2%	10.0%
	5.8%	4.7%
	34.1%	12.2%

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