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market report · 56031
Fairmont, MN · 56031
21 active listings$221,000 median ask$1,973 est. rent0.9% price/rent
$221,000
Median list price
$1,973/mo
Estimated rent
0.9%
Price / rent ratio
21
Listings
FHFA home price index · 2016–2025
59.7% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.07
Median rent / sqft
21 comps
$131.84
Median sold / sqft
21 comps
—
Walkability
3.7%
Area unemployment
BLS LAUS
Median household income $54,847 · median home value $179,300 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 81).
6 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
306 N Hampton St, Fairmont, MN 56031
Fairmont, MN
$65,000$1,863/mo2.9%
616 N Dewey St, Fairmont, MN 56031
Fairmont, MN
$69,900$1,878/mo2.7%
954 Victoria St, Fairmont, MN 56031
Fairmont, MN
$167,000$2,371/mo1.4%
418 Forest St, Fairmont, MN 56031
Fairmont, MN
$214,900$2,534/mo1.2%
1206 Webster St, Fairmont, MN 56031
Fairmont, MN
$169,000$1,973/mo1.2%
1027 Sioux Ave, Fairmont, MN 56031
Fairmont, MN
$154,900$1,777/mo1.1%