Short Sale Listings in Fairmont City, IL

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Home Value Estimator For Fairmont City, IL

There are currently 24 real estate properties in Fairmont City, IL, with a median automated valuation model (AVM) price of $74,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fairmont City, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Fairmont City, IL, is $70,459.00, with the most expensive house in Fairmont City, IL, topping out at $120,549.00 and the cheapest home in Fairmont City, IL, clocking in at $19,137.00. In other words, there’s something for every potential homebuyer or savvy investor in Fairmont City, IL!

Rent Prices In Fairmont City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fairmont City, IL, is on a rollercoaster ride. The average rent price in Fairmont City, IL, is $841.00. Indeed, when looking to rent in Fairmont City, IL, you can expect to pay as little as $620.00 or as much as $1,120.00, with the average rent median estimated to be $800.00. The good news is that finding an affordable and desirable property to rent in Fairmont City, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Fairmont City, IL In 2024

Fairmont City is located in St. Clair, Illinois, with an estimated municipal population of 2,453 residents. All of the best foreclosed homes for sale in Fairmont City are located in the following zip code areas on 62204 62201 62071. The estimated population per square kilometer (.62 miles) in Fairmont City is 152.

Cost Of Living In Fairmont City, IL

So, about how much do homes cost in Fairmont City? The most recent median value of resident-owned homes in Fairmont City is 64,907. An estimated 60.9 percent of households in Fairmont City own their homes, with an average family size of 4.38. The median household income in Fairmont City is 39,107, with12.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fairmont City, the median commute time of resident workers (in minutes) is 19.7. And last, but certainly not least, are you looking for homes to rent in Fairmont City? If so, the average rent price paid by renters in Fairmont City is 818, according to recent statistics.

Diversity And Demographics In Fairmont City, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fairmont City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Fairmont City is 30.1, split between 51.2 percent male versus 48.8 female. The percentage of residents who report being married in Fairmont City is 38.6, with an average family size of 4.38.

The percentage of residents who report their race in Fairmont City is as follows:

White 61.8%
Black / African American 0.1%
Asian 0.3%
American Indian / Alaskan Native 2.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.6%
Other 31.6%

Looking for family-friendly neighborhoods in and/or near Fairmont City? Or maybe you are searching for 55+ active adult communities in and/or near Fairmont City?

The percentage of residents who report their age in Fairmont City is as follows:

Under 10 11%
Aged 10-19 19.2%
20s 19.5%
30s 14.5%
40s 11.3%
50s 7.4%
60s 8.7%
70s 4.4%
80+ 3.9%

Best Schools In Fairmont City, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fairmont City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fairmont City.

Pros And Cons Of Living In Fairmont City, Illinois

How do you know that living in -- or moving to -- Fairmont City is right where you need to be? Perhaps you grew up in Fairmont City or already live nearby; therefore, the decision to buy a home in Fairmont City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fairmont City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fairmont City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fairmont City.

Reasons To Move To Fairmont City, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fairmont City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fairmont City, meanwhile, can field multiple offers from more qualified buyers.

Fairmont City, IL Short Sale Listings


Listing types in Fairmont City, IL

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