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Fairmont, MN
Full City Profile · Minnesota · Martin County County
3.3
/5.0
B
Good
10,348
Population
690/sq mi density
$59,228
Median Income
$39,233 per capita
$168,800
Home Value
$168,300 Zillow
$717
Median Rent
30.6% income on rent
46°F
Avg Temperature
260 sunny days/yr
259
Violent Crime/100K
2,115 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$59,228 median income, 2.6% unemployment
A+
Affordability
5.0 / 5.0
$168,800 home value, $717/mo rent
F
Safety
1.0 / 5.0
259 violent crimes/100K
B
Education
3.1 / 5.0
26.1% bachelor's degree or higher
Housing Overview
Median Home Value
$168,800
40% below
US avg: $281,900
Median Rent
$717/mo
38% below
US avg: $1,163/mo
Homeownership Rate
65.8%
1% above US avg (65.4%)
Total Housing Units
5,010
Median year built: 1962
Home Value by Source
Census Median
$168,800
Zillow (ZHVI)
$168,300
Median Sale Price
$139,000
Median List Price
$224,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
65.8%
Owner-Occupied
34.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$717/mo
Market Indicators (Redfin)
Median Days on Market
44 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
11
Price Drops
22.5%
of listings with price reduction
Price Per Sq Ft
$87
Active Inventory
40
homes for sale
Affordability & Housing Stock
Rent Burden
30.6%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
65.8%
Complete Housing Data
Home Values
| Census Median Value | $168,800 |
| Zillow Home Value (ZHVI) | $168,300 |
| Median Sale Price | $139,000 |
| Median List Price | $224,450 |
| Price Per Sq Ft | $87 |
Rent
| Census Median Rent | $717 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 44 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 22.5% |
| Homes Sold | 11 |
| Active Inventory | 40 |
| Price Per Sq Ft | $87 |
Ownership & Stock
| Owner-Occupied | 65.8% |
| Renter-Occupied | 34.2% |
| Homeownership Rate | 65.8% |
| Total Housing Units | 5,010 |
| Median Year Built | 1962 |
| Rent Burden | 30.6% |