Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fairmount area can be challenging. Home prices in Fairmount are now at a median cost of $442,808, higher than the Philadelphia average of $296,499.
The average cost of rent is $1,769/mo in Fairmount, primarily driven by the current value of real estate in the Fairmount area. While nearly 36.70% of residents own their homes outright in Fairmount, 55.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairmount is $9,001 per month. Households that rent pay about 19.66% of their income on rent here. Fairmount's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Spring Garden, Philadelphia, PA: higher priced homes
- Brewerytown, Philadelphia, PA: less expensive homes
- Poplar-Ludlow-Yorktowne, Philadelphia, PA: less expensive homes
- North Central, Philadelphia, PA: less expensive homes
- City Center West, Philadelphia, PA: higher priced homes
- Rittenhouse Square, Philadelphia, PA: higher priced homes
- Chinatown, Philadelphia, PA: equally priced homes
- University City, Philadelphia, PA: less expensive homes
- Strawberry Mansion, Philadelphia, PA: less expensive homes
- Belmont, Philadelphia, PA: less expensive homes
Neighborhoods with Similar Populations
- Hill, New Haven, CT: less expensive homes
- Sunnyside, Tucson, AZ: less expensive homes
- St Marys Park, San Francisco, CA: higher priced homes
- Squirrel Hill South, Pittsburgh, PA: equally priced homes
- Southern Highlands, Enterprise, NV: higher priced homes
- Lanham-Seabrook, Lanham, MD: less expensive homes
- Lakeview Terrace, Sylmar, CA: higher priced homes
- Koolauloa, Laie, HI: higher priced homes
- Kahaluu, Kaneohe, HI: higher priced homes
- Hillsdale, San Mateo, CA: higher priced homes
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