Fairmount, ND—58030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairmount, ND
As of Oct '25, the median home price in Fairmount, ND is $128,000, with a year-over-year change of -11.7%. This indicates that home prices in Fairmount, ND are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $128,000 | -11.7% |
| Single Family | $128,000 | -11.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairmount, ND
Fairmount, ND lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairmount, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairmount, ND is 23. This is a decrease of -24.0% 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 | $120,000 | -22.0% |
Listing Count | 4 | 40.0% |
| Listings as % of Homes | 0.6% | 40.0% |
Days on Market | 23 | -24.0% |
Demographics — Fairmount, ND
As of the latest ACS Survey released in 2023, Fairmount, ND has a population of 612, which has decreased by -9.3% over the past 5 years. Fairmount, ND is a popular place for families, as children make up 30.2% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 612 | -9.3% |
% Under 18 | 30.2% | 6.7% |
% Seniors | 20.9% | 0.0% |
% WFH | 4.6% | 253.8% |
% w/ College Degree | 25.9% | 94.7% |
As of the latest ACS Survey released in 2023, Fairmount, ND is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Fairmount, ND is hispanic, making up 2.6% of the population. Foreign-born residents account for 1.1% of the population in Fairmount, ND, and this percentage has increased by 10.0% 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 | 92.3% | -0.8% |
% Black | 0.0% | N/A |
% Hispanic | 2.6% | -50.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.1% | 10.0% |
Mortgage and Risk — Fairmount, ND
According to HUD data as of 2023, there were 10 mortgage originations in Fairmount, ND, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 38.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairmount, ND. Investor activity is low, as 0.0% of loans were by investors. 30.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 10 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 30.0% |
Loan Activity
Rentals and Section 8 — Fairmount, ND
Fairmount, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Fairmount, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $128,000 |
| Median Household Income | $73,200 |