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Fairmont

Learn about the people, housing, costs and businesses in Fairmont, Oklahoma

Median Home$91,000
Median Rent$791/month
Population132
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services17% healthcare
Home Value Growth⬆⬆+19.7% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners65% of occupied units
NotableTransit87/100 · excellent transit access
NotableHighly Educated29% bachelor's · 14% graduate · top 10% nationally
Fairmont
OK

Frequently Asked Questions

What are today's mortgage rates in Fairmont?

As of today, the 30-year fixed mortgage rate for Fairmont is approximately 6.815% (6.848% 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?

The median home value in Fairmont is $91k. The median monthly rent is $791. Annual property taxes average $868. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairmont?

Home values in Fairmont have increased 19.7% 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?

Based on a typical all-in ownership cost of $782/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairmont is $36k/year.

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What industries drive the economy in Fairmont?

The largest employment sectors in Fairmont are public administration (22%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.