Search Results in Fairmont, MN

Current Market Conditions in Fairmont, MN

As of late 2023, the real estate market in Fairmont is relatively stable. The demand for homes remains steady, particularly among young families and retirees looking to downsize or relocate to a peaceful environment. Besides, the market has been seeing moderate appreciation, which bodes well for long-term investment.

The trend for home-buyers is leaning towards properties that offer more space and proximity to recreational facilities. There has also been a noticeable increase in interest from out-of-state buyers attracted to the area's affordability compared to larger cities in Minnesota.

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.