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Affordable
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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 $186,838, higher than the West Virginia average of $177,366.
The average cost of rent is $978/mo in Fairmont, primarily driven by the current value of real estate in the Fairmont area. In Fairmont, 28.19% of households rent, and 46.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairmont is $6,188 per month. Households that rent pay about 15.80% of their income on rent here. Fairmont’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pleasant Valley, WV: higher priced homes
- Barrackville, WV: less expensive homes
- Monongah, WV: equally priced homes
- Montana Mines, WV: higher priced homes
- Powell, WV: less expensive homes
- White Hall, WV: higher priced homes
- Baxter, WV: less expensive homes
- Mount Harmony, WV: higher priced homes
- Rivesville, WV: less expensive homes
- Catawba, WV: equally priced homes
Cities with Similar Populations
- Stafford, TX: higher priced homes
- Cave Creek, AZ: higher priced homes
- Chillum, MD: higher priced homes
- Christiansburg, VA: higher priced homes
- Cornelius, NC: higher priced homes
- Coventry, RI: higher priced homes
- Cumberland, MD: less expensive homes
- Fitchburg, WI: higher priced homes
- Shenandoah, FL: higher priced homes
- Shepherdsville, KY: higher priced homes
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