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Foreclosure Homes in Fairmont, MN

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Fairmont, MN Foreclosures

How much do homes sell for in Fairmont, MN?
The average home price is currently $265,095.
In Fairmont, MN, how many homes are available?
There are currently 18 active home listings available in Fairmont.
What’s the average rental cost in Fairmont, MN?
The average rental price in Fairmont is $1,259.
What is the most expensive home in Fairmont?
The most expensive home sold in Fairmont had a price of $4,137,719.
What is currently the cheapest priced home in Fairmont, MN?
The cheapest home for sale in Fairmont is priced at $11,022.

Living in Fairmont, MN

Fairmont, MN, is a scenic and welcoming city known for its beautiful lakes and strong community spirit. It combines small-town charm with modern amenities, offering a range of recreational activities and events. The city boasts a variety of educational institutions, making it great for families looking to settle in a friendly environment.

Current Market Conditions in Fairmont, MN

The Fairmont real estate market has been experiencing steady growth, with an increase in demand for single-family homes in recent months. Buyers are attracted to the serene lakeside living and community amenities, leading to a competitive market for listings in prime locations.

As more families and individuals seek to relocate from urban areas for a quieter lifestyle, Fairmont has seen an uptick in real estate investments. This trend is expected to continue, with housing prices rising as the overall market strengthens.

Home Value Estimator For Fairmont, MN

There are currently 4,886 real estate properties in Fairmont, MN, with a median automated valuation model (AVM) price of $188,323.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fairmont, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Fairmont, MN, is $265,095.00, with the most expensive house in Fairmont, MN, topping out at $4,137,719.00 and the cheapest home in Fairmont, MN, clocking in at $11,022.00. In other words, there’s something for every potential homebuyer or savvy investor in Fairmont, MN!

Rent Prices In Fairmont, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fairmont, MN, is on a rollercoaster ride. The average rent price in Fairmont, MN, is $1,259.00. Indeed, when looking to rent in Fairmont, MN, you can expect to pay as little as $420.00 or as much as $2,700.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Fairmont, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Fairmont, MN Foreclosures

Market Trend for Fairmont, MN

Total Listings Available: 18

Market Values:

Home Prices from $11,022 to $4,137,719

Average Sales Price: $265,095

Rental Values:

Rental from $420 to $2,700

Average Rent Value: $1,259 / month

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