Fairmount, IN Real Estate
According to census data in the year 2000 there were 1,314 housing units in Fairmount.
This represents a 4.1% growth from 1,262 in 1990.
Of those housing units, 1,303 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.
Homeownership rate in Fairmount is about 76.8%.
Fairmount's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Fairmount were built after 1956.
|Housing Units by Size|
|Five Bedrooms or more||3%|
Owned Homes, Apartments and Condos
|Average Household Size||2.48|
|Median year structure was built||1955|
|Median Value of occupied units||$58,600|
Rented Homes, Apartments and Condos
|Average Household Size||1.95|
|Median year structure was built||1958|
|Median Monthly Rent asked for vacant units||$99|
Owners Finance Status
|Second Mortgage & Equity Loan||0.80%|
|Home Equity Loan||6.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.8%|