Home prices
The median home in Fairmont costs $123,700. It is about $61,740 (99%) higher in comparison to its surrounding areas.In comparison to the entire country it is approximately $93,800 (43%) lower, and it is roughly $55,700 (31%) lower in comparison to the city of Mankato.
Rents
In Fairmont the median rent is $621 a month. This is about $9 (1%) lower compared to its nearby areas.Compared to the rest of the nation it is approximately $441 (41%) lower, and compared to the city of Mankato is about $278 (30%) lower.
Nearby places
Granada
Granada is about 5 miles northeast of Fairmont. Its housing prices are a lot less expensive. The median home in Granada is valued at $52,000, which works out to $71,700 (137%) lower than Fairmont. Rents there are somewhat more expensive. In Granada the median monthly rent is $710, which is $89 (12%) higher than Fairmont.
Northrop
Northrop is roughly 5 miles north of Fairmont. The real estate prices there are substantially less expensive. The cost of the median home in Northrop is $65,000, which is $58,700 (90%) lower than Fairmont. Rents there are somewhat less expensive. Northrop's median monthly rent is $583, which is $38 (6%) lower than Fairmont.
Welcome
Welcome is about 6 miles west of Fairmont. The real estate prices there are substantially less expensive. The median home in Welcome costs $84,800, which comes out to $38,900 (45%) lower than Fairmont. Rents there are somewhat less expensive. The median rent in Welcome is $580 per month, which comes out to $41 (7%) lower than Fairmont.
Ceylon
Ceylon is roughly 10 miles southwest from Fairmont. Housing prices there are substantially less expensive. The median home in Ceylon costs $34,100, which works out to $89,600 (262%) lower than Fairmont. Its rents are a little less expensive. The median monthly rent in Ceylon is $578, which works out to $43 (7%) lower than Fairmont.
Sherburn
Sherburn is roughly 11 miles west from Fairmont. Real estate prices there are a lot less expensive. Sherburn's median home cost is $73,900, which is $49,800 (67%) lower than Fairmont. Rents there are a little more expensive. In Sherburn the median rent is $701 a month, which is $80 (11%) higher than Fairmont.
