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Learn about the people, housing, costs and businesses in Fairmount, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Fairmount.
True all-in cost — P&I, taxes, insurance & utilities for homes in Fairmount.
Find and compare lenders active near Fairmount.
FEMA flood zones and flood insurance estimates for Fairmount.
Seismic risk and earthquake insurance estimates for Fairmount.
Wildfire exposure and insurance estimates for Fairmount.
As of today, the 30-year fixed mortgage rate for Fairmount is approximately 7.625% (7.682% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for FairmountThe median home value in Fairmount is $108k. The median monthly rent is $738. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Fairmount 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.
Based on a typical all-in ownership cost of $746/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairmount is $68k/year.
Calculate your buying powerThe largest employment sectors in Fairmount are public administration (27%) and agriculture and mining (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.