Median real estate price in the City Center of Fairmont is $129,747, which is less expensive than 95.4% of Minnesota neighborhoods and 90.3% of all U.S. neighborhoods.
The average rental price in Fairmont City Center is currently $1,187, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.2% of Minnesota neighborhoods.
Fairmont City Center is a rural neighborhood (based on population density) located in Fairmont, Minnesota.
Real estate in the City Center of Fairmont, MN is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Fairmont City Center, the current vacancy rate is 0.6%, which is a lower rate of vacancies than 92.6% of all neighborhoods in the U.S. This means that the housing supply in Fairmont City Center is very tight compared to the demand for property here.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Fairmont, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Fairmont City Center neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 6.3% of the workforce so employed, this neighborhood has a greater concentration of such workers than 97.8% of U.S. neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Fairmont City Center neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 65.6% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.6% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Astoundingly, the City Center neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.3% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Fairmont neighborhood.
In addition, neighborhoodScout's exclusive research revealed that 92.9% of the adult residents in the Fairmont City Center neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 95.1% of the neighborhoods in America.
Did you know that the Fairmont City Center neighborhood has more Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.1% of this neighborhood's residents have Norwegian ancestry.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the City Center neighborhood in Fairmont are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.6% of U.S. neighborhoods. With 24.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.6% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Fairmont City Center neighborhood, 26.5% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 24.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.3%), and 21.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Fairmont City Center neighborhood is English, spoken by 88.2% of households. Some people also speak Spanish (11.8%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the City Center neighborhood in Fairmont, MN, residents most commonly identify their ethnicity or ancestry as German (32.1%). There are also a number of people of Mexican ancestry (16.9%), and residents who report Norwegian roots (8.1%), and some of the residents are also of English ancestry (3.0%), along with some Irish ancestry residents (2.9%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Fairmont City Center neighborhood spend under 15 minutes commuting one-way to work (65.6% of working residents), one of the shortest commutes across America.
Here most residents (79.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.