Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.6 yrs |
|---|---|
| Avg HH Size | 2.15 |
| Below Poverty | 11.6% ▲ 16% above avg |
| College Grads | 40.7% ≈ Avg |
| Unemployment | 3.8% ▼ 22% below avg |
| No HS Diploma | 30 (0.4%) |
| HS Graduate | 2,625 (32.2%) |
| Some College | 1,204 (14.8%) |
| Associates | 977 (12%) |
| Bachelors | 1,205 (14.8%) |
| Graduate Degree | 2,117 (25.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,373 ▼ 20% below avg |
|---|---|
| Median Home Value | $175,600 ▼ 37% below avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $719/mo |
| Total Housing Units | 5,771 |
| Vacant Units | 377 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Fairmont is a city in Minnesota, located in Martin County. The city spans 1 ZIP code and is home to approximately 11,800 residents. It is a mature city, with a median age of 46.6 years.
Economically, Fairmont is a solidly middle-class community. The median household income of $61,373 is below the national average. Approximately 11.6% of residents live below the poverty line. The unemployment rate is 3.8%, below the national average.
The real estate market in Fairmont is an affordable housing market. Median home values stand at $175,600, which is below the national average. Renters typically pay around $719 per month. Homeownership is high at 68.5%, typical of suburban and family-oriented communities.
The population of Fairmont is well-educated. 40.7% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (86.97%).
Fairmont, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56031 | 11,800 | $61,373 | $175,600 | $719 | 3.8% | 40.7% | 68.5% |