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These days, finding an affordable place to live in the Fairmont area can be challenging. Home prices in Fairmont are now at a median cost of $88,624, lower than the North Carolina average of $323,314.
The average cost of rent is $772/mo in Fairmont, primarily driven by the current value of real estate in the Fairmont area. In Fairmont, 37.96% of households rent, and 65.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairmont is $3,466 per month. Households that rent pay about 22.26% of their income on rent here. Fairmont’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- McDonald, NC: higher priced homes
- Proctorville, NC: equally priced homes
- Orrum, NC: equally priced homes
- Echo, NC: less expensive homes
- Marietta, NC: less expensive homes
- Raynham, NC: less expensive homes
- Barnesville, NC: less expensive homes
- Hestertown, NC: equally priced homes
- Rowland, NC: equally priced homes
- Purvis, NC: less expensive homes
Cities with Similar Populations
- Palacios, TX: higher priced homes
- Parkville, MO: higher priced homes
- Parkton, NC: higher priced homes
- Parkton, MD: higher priced homes
- Parkesburg, PA: higher priced homes
- Parker, TX: higher priced homes
- Parker, AZ: higher priced homes
- Paradise, TX: higher priced homes
- Pana, IL: higher priced homes
- Palmyra, NJ: higher priced homes
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