Zip 28340 (Fairmont, NC) Housing

The housing market in 28340 Fairmont, NC is thriving with a median value of $95,300. This number is significantly lower than the US median value of $338,100, offering potential buyers an affordable option to get into the housing market. In addition, the 1 year house appreciation rate in 28340 Fairmont, NC is 16.91%, which is more than double the US house appreciation rate of 8.27%. This indicates that real estate investments in this area are wise and can yield lucrative returns in a relatively short period of time.

The median home cost in Fairmont (zip 28340) is $95,300. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Fairmont (zip 28340) is up 19.9%.

Average Age of Homes

- The median age of Fairmont (zip 28340) real estate is 39 years old

The Rental Market in Fairmont (zip 28340)

- Renters make up 26.4% of the Fairmont (zip 28340) population
- 0.4% of houses and apartments in Fairmont (zip 28340), 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	Fairmont, North Carolina	United States
	4,204.0	139,647,020.0
	43	42
	$95,300	$338,100
	19.9%	16.6%
	58.4%	57.0%
	61.0%	101.1%
	$10.16	$10.98
	$708	$2,690
	51.4%	57.4%
	15.3%	11.2%
	33.3%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.5%	0.4%
	0.4%	3.6%
	13.6%	4.1%
Value of Owner-Occupied Housing
	15.0%	2.6%
	11.8%	2.4%
	15.9%	2.8%
	15.5%	3.9%
	9.6%	4.5%
	12.7%	11.3%
	10.3%	13.0%
	2.7%	20.1%
	4.4%	13.6%
	0.2%	8.3%
	2.1%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.7%	13.6%
	8.7%	13.6%
	22.2%	13.6%
	13.7%	13.2%
	17.3%	14.8%
	22.2%	13.6%
	8.8%	10.0%
	4.3%	4.7%
	11.5%	12.2%

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