Fairmont, MO—63474
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairmont, MO
Fairmont, MO lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 — Fairmont, MO
Fairmont, MO 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 — Fairmont, MO
Fairmont, MO lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -34.0% |
Listing Count | 0 | -62.0% |
| Listings as % of Homes | N/A | -62.0% |
Days on Market | 162 | -60.0% |
Demographics — Fairmont, MO
As of the latest ACS Survey released in 2023, Fairmont, MO has a population of 539, which has increased by 29.3% over the past 5 years. Fairmont, MO is a popular place for families, as children make up 30.8% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 539 | 29.3% |
% Under 18 | 30.8% | 27.3% |
% Seniors | 13.2% | -40.3% |
% WFH | 1.4% | -89.6% |
% w/ College Degree | 13.1% | 142.6% |
As of the latest ACS Survey released in 2023, Fairmont, MO is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Fairmont, MO is black, making up 0.0% of the population. Foreign-born residents account for 0.0% of the population in Fairmont, MO, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.7% | -8.3% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Fairmont, MO
According to HUD data as of 2023, there were 8 mortgage originations in Fairmont, MO, of which 38.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 62.0% above 90% LTV (very high). This implies large mortgage risk in Fairmont, MO. Investor activity is low, as 0.0% of loans were by investors. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 8 |
% Conventional Loans | 38.0% |
% Government Loans | 62.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 25.0% |
Loan Activity
Rentals and Section 8 — Fairmont, MO
Fairmont, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% 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 | $630 |
| 2 Bedroom | N/A | N/A | $820 |
| 3 Bedroom | N/A | N/A | $1,090 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Fairmont, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $61,200 |