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Fairmont School District 89

Learn about the people, housing, costs and businesses in Fairmont School District 89, Illinois

Median Home$212,924
Median Rent$1,496/month
Population3,970
Leading IndustriesTransportation · Professional Services · Healthcare3% transportation
Home Value Growth⬆⬆⬆+23.4% over 2 years
Family-Friendly22% of residentsnear the national average
Homeowners72% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 17% nationally
Fairmont School District 89
IL

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Fairmont School District 89?

As of today, the 30-year fixed mortgage rate for Fairmont School District 89 is approximately 6.977% (6.989% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fairmont School District 89?

The median home value in Fairmont School District 89 is $213k. The median monthly rent is $1,496. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairmont School District 89?

Home values in Fairmont School District 89 have increased 23.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fairmont School District 89?

Based on a typical all-in ownership cost of $1,326/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairmont School District 89 is $79k/year.

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What industries drive the economy in Fairmont School District 89?

The largest employment sectors in Fairmont School District 89 are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.