Home prices
The median home in Fairmont is valued at $105,300. In comparison to its nearby areas it is roughly $44,500 (29%) lower.Compared to the United States as a whole it is about $112,200 (51%) lower, and is about $152,700 (59%) lower compared to the city of Chicago.
Rents
Fairmont's median monthly rent is $1,127. Compared to its surrounding areas this is roughly $71 (6%) higher.Compared to the entire country it is approximately $65 (6%) higher, and in comparison to the city of Chicago it is roughly $15 (1%) higher.
Nearby places
Lockport
Lockport is Fairmont's neighbor to the northeast. The housing prices there are substantially more expensive. The median home in Lockport costs $242,600, which comes out to $137,300 (56%) higher than Fairmont. Rent there is somewhat more expensive. Lockport's median monthly rent is $1,241, which works out to $114 (9%) higher than Fairmont.
Crest Hill
Crest Hill is about 2 miles west from Fairmont. The real estate prices there are a lot more expensive. The median home in Crest Hill costs $169,200, which is $63,900 (37%) higher than Fairmont. Rents there are pretty similar. In Crest Hill the median monthly rent is $1,136, which is very similar to Fairmont.
Ingalls Park
Ingalls Park is about 2 miles south of Fairmont. Its real estate prices are pretty similar. The median home cost in Ingalls Park is $104,700, which is very similar to Fairmont. Its rents are a little less expensive. In Ingalls Park the median monthly rent is $942, which comes out to $185 (19%) lower than Fairmont.
Preston Heights
Preston Heights is approximately 4 miles south of Fairmont. Real estate prices there are a little less expensive. The median home in Preston Heights costs $99,900, which works out to $5,400 (5%) lower than Fairmont. Rents there are a little less expensive. In Preston Heights the median monthly rent is $988, which works out to $139 (14%) lower than Fairmont.
Rockdale
Rockdale is roughly 4 miles southwest from Fairmont. Its real estate prices are a bit more expensive. The value of the median home in Rockdale is $132,600, which comes out to $27,300 (20%) higher than Fairmont. Rents there are somewhat less expensive. Rockdale's median monthly rent is $975, which works out to $152 (15%) lower than Fairmont.
