Foreclosure Homes in Fairmount, IL

Current Market Conditions in Fairmount, IL

The real estate market in Fairmount has shown stable growth over the past year. Primarily consisting of single-family homes, the market tends to attract buyers looking for affordable housing options away from the hustle and bustle of the city. Listings often move quickly due to limited supply and increasing demand as more individuals seek the tranquility of small-town living.

Currently, Fairmount's market is classified as favorable for buyers, with reasonable listing prices compared to neighboring areas. The average home sale price remains competitive, making it an appealing option for first-time homebuyers and families.

Indicators suggest that as remote work continues to be embraced, Fairmount may experience further interest from urban residents seeking more space and nature.

Rent Prices In Fairmount, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fairmount, IL, is on a rollercoaster ride. The average rent price in Fairmount, IL, is $1,081.00. Indeed, when looking to rent in Fairmount, IL, you can expect to pay as little as $670.00 or as much as $2,060.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Fairmount, IL -- 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.