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City-owned Homes And Land 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 $259,343.
In Fairmont, MN, how many homes are available?
There are currently 13 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 $3,447,169.
What is currently the cheapest priced home in Fairmont, MN?
The cheapest home for sale in Fairmont is priced at $10,850.

Living in Fairmont, MN

Fairmont, Minnesota is a charming small town situated in the southern part of the state, renowned for its scenic lakes and friendly community. With a rich agricultural heritage, Fairmont offers a variety of outdoor activities, including fishing, boating, and hiking. The town’s vibrant downtown area features local shops and eateries, making it a delightful place to live or visit.

Current Market Conditions in Fairmont, MN

The real estate market in Fairmont is steadily growing, with increasing interest from both families and retirees. Property values are rising, but the cost of living remains relatively affordable compared to larger urban centers.

Home Value Estimator For Fairmont, MN

There are currently 4,887 real estate properties in Fairmont, MN, with a median automated valuation model (AVM) price of $186,165.00. 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 $259,343.00, with the most expensive house in Fairmont, MN, topping out at $3,447,169.00 and the cheapest home in Fairmont, MN, clocking in at $10,850.00. 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 City-owned Homes And Land


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