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MN area data

Fairmont, MN

Fairmont, MN.

Population: 11,665 (Census ACS)

The median home value in Fairmont, MN is $202,194 — up 3.1% over the past year. Homes sell for a median $182,000 after a median 69 days on market. 6 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with winterweather, coldwave, drought the top-rated hazards. Cost of living is 10.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$202,194

Median home value

+3.1%

1-year change

69

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$202,194
1-year appreciation
+3.1%
3-year appreciation
+12.3%
5-year appreciation
+29.1%
10-year appreciation
+70.5%
All-time peak (2026-06)
$202,797
House Price Index (state)
429.3 (+3.3% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$182,000
Median list price
$186,200
Median price per sqft
$104
1-year sale-price change
-2.7%
Median days on market
69 days
Homes sold (recent period)
29
For-sale inventory
71
Sale-to-list ratio
100.9%
Active listings
51
New listings (monthly)
22

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$754/mo
1BR fair-market rent
$943/mo
2BR fair-market rent
$1,176/mo
3BR fair-market rent
$1,529/mo
4BR fair-market rent
$1,764/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
6
Elementary schools
2
Middle schools
0
High schools
2
School districts serving the area
SOUTHERN PLAINS EDUCATION COOP., FAIRMONT AREA SCHOOL DISTRICT
Schools include
SOUTHERN PLAINS EDUCATION COOP., SOUTHERN PLAINS AREA LEARNING CNTR., POSITIVE APPROACH TO LEARNING, SOUTHERN PLAINS BRIDGES, FAIRMONT JR./SR. HIGH SCHOOL

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
winterWeather, coldWave, drought, hail, strongWind
Notable hazard ratings (county)
coldWave: Relatively Moderate · drought: Relatively Moderate · hail: Relatively Moderate · heatWave: Relatively Low · iceStorm: Relatively Low · inlandFlooding: Relatively Low
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 8% of US counties
Buildings in wildfire direct-exposure zone
33.5%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
34.0 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
9.0 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
4,508
Jobs reachable by transit (45 min)
3,972

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
13
Nearest airport
Fairmont Municipal Airport (FRM) (3 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
MAYO CLINIC HEALTH SYSTEM - FAIRMONT
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-38 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,966
Housing built before 1970
55.5%
Housing built 2000 or later
9.1%
Median annual property tax
$1,922
Mean commute to work
13 min
Households with broadband internet
65.0%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
6,978
Average weekly wage
$1,012
Top industries (by employment)
Health Care, Accommodation & Food, Wholesale Trade
Annual residential building permits (county)
23

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

FairmontState medianUS median
Median home value$202,194$304,931$289,727
Median sale price$182,000$315,500$325,000
Median days on market69 days39 days51 days
Median annual property tax$1,922$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Fairmont, MN?
$202,194.
What is the median sale price in Fairmont, MN?
$182,000.
How long do homes take to sell in Fairmont, MN?
Median days on market: 69 days.
What is typical rent in Fairmont, MN?
2-bedroom fair-market rent: $1,176/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Fairmont, MN?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: winterWeather, coldWave, drought, hail, strongWind.
Is Fairmont, MN in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in Fairmont, MN?
Risk to homes is higher than 8% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Fairmont, MN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Fairmont, MN?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Fairmont, MN?
6 schools (2 elementary, 2 high) (NCES, 2022-23).
Is Fairmont, MN walkable?
Walkability index: 9.0/20 (EPA Smart Location Database).
What is the cost of living in Fairmont, MN?
Regional Price Parity: 90.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP code for Fairmont

Selling a home in Fairmont, MN?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents