Fairmount, IN—46928
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairmount, IN
As of Oct '25, the median home price in Fairmount, IN is $163,000, with a year-over-year change of 3.4%. This indicates that home prices in Fairmount, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $163,000 | 3.4% |
| Single Family | $164,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $106,000 | -2.8% |
3 Bed | $162,000 | 3.8% |
4 Bed | $222,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairmount, IN
As of July '25, Rentcast reports the average rent in Fairmount, IN is $550, with a year-over-year rent change of -26.7%. Per bedroom, the median rent as of July '25 in Fairmount, IN is 1-bedrooms: $550, 2-bedrooms: $550. The most common rental property sizes in Fairmount, IN are 2-bedroom and 4-bedroom, accounting for 30.0% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $550 | $550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $550 | $550 |
| 2 Bed Rent | $550 | $550 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairmount, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairmount, IN is 44. This is a decrease of -30.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | -9.0% |
Listing Count | 12 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 44 | -30.0% |
Demographics — Fairmount, IN
As of the latest ACS Survey released in 2023, Fairmount, IN has a population of 4,450, which has remained stable by -0.6% over the past 5 years. Fairmount, IN is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,450 | -0.6% |
% Under 18 | 19.8% | -16.8% |
% Seniors | 20.4% | -0.5% |
% WFH | 5.3% | 55.9% |
% w/ College Degree | 17.3% | 20.1% |
As of the latest ACS Survey released in 2023, Fairmount, IN is a predominantly white area, with 92.9% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Fairmount, IN is hispanic, making up 3.2% of the population. Foreign-born residents account for 1.5% of the population in Fairmount, IN, and this percentage has increased by 66.7% 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 | 92.9% | -2.9% |
% Black | 0.2% | ∞% |
% Hispanic | 3.2% | 14.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.5% | 66.7% |
Mortgage and Risk — Fairmount, IN
According to HUD data as of 2023, there were 49 mortgage originations in Fairmount, IN, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Fairmount, IN. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Fairmount, IN
Fairmount, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $550 | $790 |
| 2 Bedroom | $480 | $550 | $1,030 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Fairmount, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $163,000 |
| Median Household Income | $63,400 |