Fairmont, NC 28340 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fairmont, NC—28340

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$103,000

0.5% YoY Growth

Household Income

$38,200

27.2% YoY Growth

Days on Market

17.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$1,100

4.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$875

N/A

3-Bed Rent

$1,300

19.0% YoY Growth

Home Price Trends — Fairmont, NC

As of Dec '25, the median home price in Fairmont, NC is $103,000, with a year-over-year change of -0.5%. This indicates that home prices in Fairmont, NC are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$103,000	-0.5%
Single Family	$104,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fairmont, NC

As of July '25, Rentcast reports the average rent in Fairmont, NC is $1,100, with a year-over-year rent change of 4.8%. Per bedroom, the median rent as of July '25 in Fairmont, NC is 2-bedrooms: $888, 3-bedrooms: $1,250. The most common rental property sizes in Fairmont, NC are 3-bedroom and 2-bedroom, accounting for 39.9% and 36.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,100
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$875	$888
3 Bed Rent	$1,300	$1,250
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.5%

1 Bedroom

7.1%

2 Bedrooms

36.1%

3 Bedrooms

39.9%

4 Bedrooms

13.9%

5+ Bedrooms

0.5%

Property Listings — Fairmont, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Fairmont, NC is 54. This is a decrease of -42.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$245,000	125.0%
Listing Count	20	71.0%
Listings as % of Homes	0.3%	71.0%
Days on Market	82	-17.0%

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Demographics — Fairmont, NC

As of the latest ACS Survey released in 2023, Fairmont, NC has a population of 9,760, which has remained stable by 1.0% over the past 5 years. Fairmont, NC is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,760	1.0%
% Under 18	22.1%	13.3%
% Seniors	22.7%	2.3%
% WFH	2.0%	233.3%
% w/ College Degree	9.9%	-3.9%

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As of the latest ACS Survey released in 2023, Fairmont, NC is a predominantly black area, with 35.5% of the population identifying as black. The black population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Fairmont, NC is white, making up 25.9% of the population. Foreign-born residents account for 1.8% of the population in Fairmont, NC, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	25.9%	-14.2%
% Black	35.5%	-5.1%
% Hispanic	7.1%	108.8%
% Asian	0.2%	∞%
% Foreign Born	1.8%	28.6%

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Mortgage and Risk — Fairmont, NC

According to HUD data as of 2023, there were 74 mortgage originations in Fairmont, NC, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Fairmont, NC. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	74
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Fairmont, NC

Fairmont, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	173
Total Units Section 8	118
% Rentals under Section 8	N/A
% Occupied Section 8	90.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$730
2 Bedroom	$55	$875	$930
3 Bedroom	-$120	$1,300	$1,180
4 Bedroom	N/A	N/A	$1,360

Fairmont, NC—28340

Key Metrics at a Glance

Home Price Trends — Fairmont, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fairmont, NC

% of Rental Stock

Property Listings — Fairmont, NC

Demographics — Fairmont, NC

Race and Ethnicity

Mortgage and Risk — Fairmont, NC

Mortgages

Rentals and Section 8 — Fairmont, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Fairmont, NC

Home Price to Income Ratio

Fairmont, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Proctorville

Proctorville, NC

Lake View, SC

Lumberton

Elrod, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$103,000
Median Household Income	$38,200

Fairmont, NC—28340

Key Metrics at a Glance

Home Price Trends — Fairmont, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fairmont, NC

% of Rental Stock

Property Listings — Fairmont, NC

Demographics — Fairmont, NC

Race and Ethnicity

Mortgage and Risk — Fairmont, NC

Mortgages

Rentals and Section 8 — Fairmont, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Fairmont, NC

Home Price to Income Ratio

Fairmont, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Proctorville

Proctorville, NC

Lake View, SC

Lumberton

Elrod, NC

Frequently Asked Questions

What is the average home price in Fairmont, NC 28340?

How have home prices in Fairmont, NC 28340 changed over the past year?

What is the home price projection for Fairmont, NC 28340?

What are the demographics of Fairmont, NC 28340?

How long does it take homes to sell in Fairmont, NC 28340?

What is the average rent price in Fairmont, NC 28340?