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Real Estate Prices & Overview

Fairmont South median real estate price is $206,234, which is less expensive than 83.2% of Minnesota neighborhoods and 77.5% of all U.S. neighborhoods.

The average rental price in Fairmont South is currently $1,386, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 73.8% of Minnesota neighborhoods.

Fairmont South is a suburban neighborhood (based on population density) located in Fairmont, Minnesota.

Fairmont South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Fairmont South neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.4% in Fairmont South. NeighborhoodScout analysis shows that this rate is lower than 51.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Fairmont South neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Fairmont South neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 72.0% 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 98.8% of U.S. neighborhoods. Less time commuting means more time for other things in life.

People

If you're planning where to retire, the Fairmont South neighborhood in Fairmont is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in MN, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 85.6% of the neighborhoods in Minnesota. If you are considering retiring to Minnesota, this is a good neighborhood to look at.

Diversity

Did you know that the Fairmont South neighborhood has more German and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 46.8% of this neighborhood's residents have German ancestry and 16.2% have Norwegian ancestry.

The Neighbors

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 Fairmont South neighborhood in Fairmont are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.5% of the neighborhoods in America. In addition, 6.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 59.3% of America'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 South neighborhood, 35.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.3%), and 16.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Fairmont South neighborhood is English, spoken by 95.2% of households. Some people also speak Polish (5.4%).

Ethnicity / Ancestry

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 Fairmont South neighborhood in Fairmont, MN, residents most commonly identify their ethnicity or ancestry as German (46.8%). There are also a number of people of Norwegian ancestry (16.2%), and residents who report Irish roots (10.0%), and some of the residents are also of Polish ancestry (7.9%), along with some English ancestry residents (7.4%), among others.

Getting to Work

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 South neighborhood spend under 15 minutes commuting one-way to work (72.0% of working residents), one of the shortest commutes across America.

Here most residents (87.0%) 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 (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Economics & Demographics include:
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Household Types
Commute To Work
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Race & Ethnic Diversity
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Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
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Schools include:
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