Housing & Real Estate — Fairmont, Minnesota
Overview
| Total Housing Units | 5,112 |
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| Occupied | 4,791 |
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| Vacant | 321 |
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| Owner-Occupied | 3,153 |
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| Renter-Occupied | 1,638 |
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| Median Home Value (Census) | $169,900 |
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| Estimated 2026 | ~$173,000 |
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| Median Rent | $717/mo |
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| Median Property Tax | $1,911/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 16.2% |
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| Severely Rent-Burdened | 38.1% |
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Housing Age
| Built 2010 or later | 273 |
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| Built 2000-2009 | 179 |
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| Built 1990-1999 | 350 |
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| Built before 1960 | 2,198 |
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| Median Year Built | 1962 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
