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Fairmont Area School District Housing

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House Price of School Districts Nearby

As of 2010-2014, median price of a house in Fairmont Area School District is $115,400, which is much lower than the state average of $185,200 and is lower than the national average of $175,700. The median year that a house in Fairmont Area School District was built is 1962, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 4,033 Owner Occupied Houses in Fairmont Area School District, #225

Fairmont Area School District	115,400 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Fairmont Area School District	15.52%
Minnesota	51.31%
U.S.	46.91%

*The Fairmont Area School District median house price growth rate is since 2005-2009. The Minnesota and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Fairmont Area School District	Minnesota	U.S.
Total Housing Units	6,235, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	5,525, 88.61%, see rank	89.48%	87.55%
Owner Occupied	4,033, 64.68%, see rank	64.51%	56.34%
Renter Occupied	1,492, 23.93%, see rank	24.96%	31.21%
Vacant Housing Units	710, 11.39%, see rank	10.52%	12.45%
For Rent	150, 2.41%, see rank	1.22%	2.34%
For Sale Only	108, 1.73%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	46, 0.74%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	135, 2.17%, see rank	5.29%	3.97%
For Migrant Workers	9, 0.14%, see rank	0.01%	0.03%
Other Vacant	262, 4.20%, see rank	2.36%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #234

Fairmont Area School District	Minnesota	U.S.
1962	1975	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Fairmont Area School District	%	Minnesota	U.S.
Owner-Occupied Units	4,033	100%	1,525,201	74,787,460
With a Mortgage	2,425	60.13%, see rank	68.78%	65.58%
Without a Mortgage	1,608	39.87%, see rank	31.22%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Fairmont Area School District	1,098 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Fairmont Area School District	%	Minnesota	U.S.
$299 or Less	3	0.12%, see rank	0.18%	0.20%
$300 to $499	75	3.09%, see rank	1.30%	1.59%
$500 to $699	182	7.51%, see rank	4.08%	5.01%
$700 to $999	762	31.42%, see rank	12.50%	14.32%
$1,000 to $1,499	871	35.92%, see rank	30.43%	27.90%
$1,500 to $1,999	361	14.89%, see rank	25.36%	20.35%
$2,000 to $2,999	146	6.02%, see rank	19.32%	19.52%
$3,000 or More	25	1.03%, see rank	6.84%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Fairmont Area School District	19.60% of the Total Income
Minnesota	22.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Fairmont Area School District	%	Minnesota	U.S.
10% or Less	121	4.99%, see rank	6.13%	5.86%
10% to 20%	1,151	47.46%, see rank	35.03%	31.95%
20% to 30%	597	24.62%, see rank	30.01%	27.64%
30% to 40%	206	8.49%, see rank	12.88%	13.74%
40% or More	350	14.43%, see rank	15.67%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Fairmont Area School District	389 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Fairmont Area School District	%	Minnesota	U.S.
$199 or Less	122	7.59%, see rank	4.45%	7.76%
$200 to $299	311	19.34%, see rank	10.96%	14.70%
$300 to $499	824	51.24%, see rank	39.99%	34.63%
$500 to $699	238	14.80%, see rank	27.38%	21.16%
$700 or More	113	7.03%, see rank	17.23%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Fairmont Area School District	10.00% of the Total Income
Minnesota	11.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Fairmont Area School District	%	Minnesota	U.S.
10% or Less	863	53.67%, see rank	43.57%	40.19%
10% to 20%	410	25.50%, see rank	31.28%	31.47%
20% to 30%	200	12.44%, see rank	11.58%	12.24%
30% to 40%	41	2.55%, see rank	5.05%	5.64%
40% or More	76	4.73%, see rank	7.69%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Fairmont Area School District	Minnesota	U.S.
Total Housing Units	6,235, 100%	2,364,149	132,741,033
1-unit, Detached	4,752, 76.21%, see rank	67.25%	61.65%
1-unit, Attached	116, 1.86%, see rank	7.45%	5.82%
2 Units	191, 3.06%, see rank	2.34%	3.75%
3 or 4 Units	165, 2.65%, see rank	2.08%	4.43%
5 to 9 Units	194, 3.11%, see rank	2.23%	4.78%
10 or More Units	715, 11.47%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	102, 1.64%, see rank	3.52%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Fairmont Area School District	Minnesota	U.S.
Total Housing Units	6,235, 100%	2,364,149	132,741,033
1 Room	44, 0.71%, see rank	1.54%	1.95%
2 Rooms	211, 3.38%, see rank	2.83%	2.48%
3 Rooms	589, 9.45%, see rank	9.20%	9.13%
4 Rooms	673, 10.79%, see rank	14.05%	16.60%
5 Rooms	785, 12.59%, see rank	15.52%	20.41%
6 Rooms	1,180, 18.93%, see rank	14.98%	18.06%
7 Rooms	927, 14.87%, see rank	12.86%	12.27%
8 Rooms	805, 12.91%, see rank	11.01%	8.48%
9 Rooms or More	1,021, 16.38%, see rank	18.01%	10.60%
Median Rooms	6.20, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Fairmont Area School District	Minnesota	U.S.
Total Housing Units	6,235, 100%	2,364,149	132,741,033
No Bedroom	61, 0.98%, see rank	1.76%	2.17%
1 Bedroom	897, 14.39%, see rank	11.71%	11.16%
2 Bedrooms	1,459, 23.40%, see rank	26.64%	26.69%
3 Bedrooms	2,413, 38.70%, see rank	34.15%	39.70%
4 Bedrooms	1,189, 19.07%, see rank	19.81%	16.05%
5 or More Bedrooms	216, 3.46%, see rank	5.94%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Fairmont Area School District	Minnesota	U.S.
Total Housing Units	5,525, 100%	2,115,337	116,211,092
Utility Gas	3,950, 71.49%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	617, 11.17%, see rank	10.05%	4.86%
Electricity	651, 11.78%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	116, 2.10%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	68, 1.23%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	107, 1.94%, see rank	1.17%	0.47%
No Fuel Used	16, 0.29%, see rank	0.65%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Fairmont Area School District	Minnesota	U.S.
Occupied Units Paying Rent	1,426, 100%	562,198	39,201,928
$199 or Less	60, 4.21%, see rank	2.46%	1.50%
$200 to $299	67, 4.70%, see rank	4.66%	3.18%
$300 to $499	390, 27.35%, see rank	9.32%	7.37%
$500 to $699	329, 23.07%, see rank	17.06%	16.01%
$700 to $999	348, 24.40%, see rank	33.30%	29.17%
$1,000 to $1,499	216, 15.15%, see rank	23.49%	26.88%
$1,500 to $1,999	16, 1.12%, see rank	7.02%	9.79%
$2,000 or More	0, 0.00%, see rank	2.69%	6.10%
Median	$658, see rank	$835	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Fairmont Area School District	Minnesota	U.S.
Occupied Housing Units	5,525, 100%	2,115,337	116,211,092
No Vehicles Available	604, 10.93%, see rank	7.25%	9.12%
1 Vehicles Available	1,727, 31.26%, see rank	30.11%	33.80%
2 Vehicles Available	2,234, 40.43%, see rank	40.67%	37.48%
3 or More Vehicles Available	960, 17.38%, see rank	21.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.