Foreclosure Homes in Fairmount, IL

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Fairmount, IL Foreclosures

How much do homes sell for in Fairmount, IL?
The average home price is currently $143,389.
In Fairmount, IL, how many homes are available?
There are currently 473 active home listings available in Fairmount.
What’s the average rental cost in Fairmount, IL?
The average rental price in Fairmount is $1,081.
What is the most expensive home in Fairmount, Illinois?
The most expensive home sold in Fairmount had a price of $701,432.
What is currently the cheapest priced home in Fairmount, IL?
The cheapest home for sale in Fairmount is priced at $12,020.

Home Value Estimator For Fairmount, IL

There are currently 473 real estate properties in Fairmount, IL, with a median automated valuation model (AVM) price of $130,628.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fairmount, 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 Fairmount, IL, is $143,389.00, with the most expensive house in Fairmount, IL, topping out at $701,432.00 and the cheapest home in Fairmount, IL, clocking in at $12,020.00. In other words, there’s something for every potential homebuyer or savvy investor in Fairmount, IL!

Rent Prices In Fairmount, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fairmount, IL, is on a rollercoaster ride. The average rent price in Fairmount, IL, is $1,081.00. Indeed, when looking to rent in Fairmount, IL, you can expect to pay as little as $670.00 or as much as $2,060.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Fairmount, 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 Fairmount, IL In 2024

Fairmount is located in Vermilion, Illinois, with an estimated municipal population of 596 residents. All of the best foreclosed homes for sale in Fairmount are located in the following zip code areas on 61841. The estimated population per square kilometer (.62 miles) in Fairmount is 724.

Cost Of Living In Fairmount, IL

So, about how much do homes cost in Fairmount? The most recent median value of resident-owned homes in Fairmount is 72,261. An estimated 85 percent of households in Fairmount own their homes, with an average family size of 3.04. The median household income in Fairmount is 52,292, with16.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fairmount, the median commute time of resident workers (in minutes) is 26.8. And last, but certainly not least, are you looking for homes to rent in Fairmount? If so, the average rent price paid by renters in Fairmount is 588, according to recent statistics.

Diversity And Demographics In Fairmount, 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 Fairmount, 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 Fairmount is 39.4, split between 53.2 percent male versus 46.8 female. The percentage of residents who report being married in Fairmount is 52.1, with an average family size of 3.04.

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

White 98.6%
Black / African American 0.8%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.3%
Other 0.3%

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

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

Under 10 10.7%
Aged 10-19 13.7%
20s 11.9%
30s 14.5%
40s 15.1%
50s 12.7%
60s 7.9%
70s 9.9%
80+ 3.7%

Best Schools In Fairmount, 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 Fairmount with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fairmount.

Pros And Cons Of Living In Fairmount, Illinois

How do you know that living in -- or moving to -- Fairmount is right where you need to be? Perhaps you grew up in Fairmount or already live nearby; therefore, the decision to buy a home in Fairmount is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fairmount 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 Fairmount:

  • 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 Fairmount.

Reasons To Move To Fairmount, 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 Fairmount can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fairmount, meanwhile, can field multiple offers from more qualified buyers.

Fairmount, IL Foreclosures


Listing types in Fairmount, IL

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