Housing in Fairmont, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$166,250
Median List Price
$139,900
Price Per Sq Ft
$118
Days on Market
27
Active Inventory
36
Months of Supply
9.0
Buyer's market
Zillow Home Value
$163,063
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
33.3%
Sale-to-List Ratio
92.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
4
New Listings
9
Pending Sales
6
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$118
Median List $/SF
$83
Fairmont vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Fairmont is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$168,800
Median Rent
$717
Total Housing Units
5,112
Vacancy Rate
6.3%
Owner Occupied
65.8%
Renter Occupied
34.2%
Median Property Tax
$1,747
per year
Monthly Cost (w/ Mortgage)
$866
Housing Types
The current median sale price in Fairmont, MN is $166,250 according to Redfin data. Homes spend a median of 27 days on the market. 0.0% of homes sold above asking price. The market has 9.0 months of supply. The median price per square foot is $118. The median rent is $717 per month (Census ACS). About 65.8% of housing units are owner-occupied. The median year homes were built is 1963. There are 5,112 total housing units.