
Home Price Key
These days, finding an affordable place to live in the Fairmont City area can be challenging. Home prices in Fairmont City are now at a median cost of $71,638, lower than the Illinois average of $242,002.
The average cost of rent is $875/mo in Fairmont City, primarily driven by the current value of real estate in the Fairmont City area. While nearly 68.33% of residents own their homes outright in Fairmont City, 40.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairmont City is $3,576 per month. Households that rent pay about 24.46% of their income on rent here. Fairmont City's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
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- Centreville, IL: less expensive homes
- Granite City, IL: higher priced homes
Cities with Similar Populations
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- Lyons, OR: higher priced homes
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- Martin, MI: higher priced homes
- Mentmore, NM: less expensive homes
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