2026 Affordability Data
Most Affordable Neighborhoods in Fairmont - 2026 Data
The median home value in Fairmont is $156,700, 44% below nat'l avg. Median rent is $850/month. With an affordability index of 171, Fairmont is more affordable than the national baseline of 100. We ranked 0 neighborhoods by affordability to help you find the best value in the Fairmont, MN area.
Key Takeaways: Affordability in Fairmont
- 1Fairmont's median home value is $156,700, 44% below nat'l avg (national: $281,900).
- 2Fairmont's affordability index is 171 (baseline 100), making it more affordable than the national average.
- 3Median rent in Fairmont is $850/month, 27% below nat'l avg (national: $1,163/month).
Fairmont Affordability Overview
Median Home Value
$156,700
44% below nat'l avg
Median Rent
$850/mo
27% below nat'l avg
Median Income
$56,744
24% below nat'l avg
Affordability Index
171
71% above nat'l avg
Frequently Asked Questions About Affordability in Fairmont
What is the median home price in Fairmont, MN?▾
The median home price in Fairmont is $156,700, which is 44% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Fairmont affordable compared to the national average?▾
Fairmont has an affordability index of 171, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Fairmont, MN?▾
The median monthly rent in Fairmont is $850. This is 27% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Fairmont?▾
The median household income in Fairmont is $56,744 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).