Fairmont Minnesota Real Estate
Fairmont, Minnesota, is located in Martin County, 93 miles SW of Burnsville, Minnesota and 329 miles W of Milwaukee, Wisconsin. Fairmont has a population of 10,889.
Fairmont Homes
Fairmont properties pool is 4,701 residential properties including Fairmont new homes. Median age of real estate in Fairmont is 1956. Average Household size is 2.86 people. 4% are one bedroom homes, 26% are 2 bedroom homes, 49% are 3 bedroom homes, 18% are 4 bedroom homes, and 3% are 5+ bedroom homes.
Fairmont Mortgage Statistics
Fairmont mortgages vs. USA median statistics
| Homes |
Fairmont |
USA |
| Homes With No Mortgage |
40% |
30% |
| Homes With Mortgage |
60% |
70% |
| First Mortgage Only |
42% |
54% |
| First & Second Mortgage or HELOC |
18% |
16% |
Fairmont Area Real Estate Tax
Fairmont Real estate Tax: Median Real Estate Taxes (2000) were $716 comparing to 1999 Median Family income $ 46,637. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Fairmont School District: Children make up 24.3% of Fairmont population. Fairmont has 2,648 under 18 years old residents, or 0.51 kids per one worker, or 0.56 kids per one household.
Fairmont Real Estate & Fairmont Homeownership
There are 1551.33 or 33% one person households, 1692.36 or 36% two person households, and 611.13 or 13% three person households in Fairmont, Minnesota. Median residents age is 41.3, Senior citizens (65+) make up 2,298 or 21.1%% of Fairmont population.
There are 5,148 workers (over 16 years of age) in Fairmont. Of these, 90.66% drive to work. Approximately 1.24% of workers in Fairmont take public transportation. An estimated 3.77% walk to work.
Median Fairmont homeowner's housing expences are 14.8%
Crime in Fairmont (2003), crimes per 10,000 residents per year
| Type of Crime |
Fairmont |
USA, 2003 |
| Violent Crimes |
17.45 |
47.5 |
| Robberies |
2.76 |
14.2 |
| Aggravated Assaults |
10.1 |
29.5 |
| Property Crimes |
543.67 |
358.8 |
| Burglaries |
70.71 |
74.0 |
| Larceny-Thefts |
456.42 |
241.5 |
| Motor Vehicle Thefts |
16.53 |
43.3 |
Invest in Fairmont Properties
When making a decision about buying real estate in Fairmont Minnesota area, you should consider following statistical data:
| Category |
Fairmont |
USA |
| Near Medium City |
Burnsville, Minnesota |
- |
| Near Large City |
Milwaukee, Wisconsin |
- |
| Fairmont Zip Codes |
56031 |
- |
| Fairmont Area Codes |
507 |
- |
| White population |
95.59% |
75.1% |
| African-American population |
0.44% |
12.3% |
| Asian |
0.66% |
3.6% |
| American Indian & Alaskan |
0.1% |
0.9% |
| Hispanic (of any race) |
2.98% |
12.5% |
| Median Family Income (1999) |
$ 46,637% |
$42,000 |
| Population Below Poverty Level |
12.3% |
12.4% |
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