Home prices
The median home price in Fairmount is $84,300. In comparison to the surrounding areas this is roughly $12,880 (18%) higher.Compared to the country as a whole it is about $133,200 (61%) lower, and in comparison to the city of Fort Wayne it is roughly $30,800 (26%) lower.
Rents
In Fairmount the median monthly rent is $542. In comparison to its surrounding areas it is about $139 (20%) lower.It is about $520 (48%) lower in comparison to the rest of the nation, and it is roughly $222 (29%) lower compared to the city of Fort Wayne.
Nearby places
Fowlerton
Fowlerton is roughly 3 miles east of Fairmount. Its real estate prices are somewhat less expensive. The median home in Fowlerton costs $67,000, which is $17,300 (25%) lower than Fairmount. Rent there is a bit more expensive. In Fowlerton the median rent is $640 per month, which is $98 (15%) higher than Fairmount.
Jonesboro
Jonesboro is roughly 4 miles north from Fairmount. Its real estate prices are a bit less expensive. The median home in Jonesboro is valued at $69,700, which comes out to $14,600 (20%) lower than Fairmount. Rent there is a bit more expensive. Jonesboro's median rent is $754 a month, which comes out to $212 (28%) higher than Fairmount.
Gas City
Gas City is about 5 miles northeast from Fairmount. The housing prices there are similar. The price of the median home in Gas City is $88,600, which is $4,300 (4%) higher than Fairmount. Rent there is substantially more expensive. Gas City's median monthly rent is $826, which is $284 (34%) higher than Fairmount.
Summitville
Summitville is approximately 5 miles south of Fairmount. Its real estate prices are a bit less expensive. The median home value in Summitville is $65,400, which comes out to $18,900 (28%) lower than Fairmount. Rent there is a little more expensive. The median rent in Summitville is $623 per month, which comes out to $81 (13%) higher than Fairmount.
Matthews
Matthews is approximately 7 miles east of Fairmount. The real estate prices there are a little less expensive. The value of the median home in Matthews is $66,400, which is $17,900 (26%) lower than Fairmount. Its rents are pretty similar. In Matthews the median rent is $564 per month, which works out to $22 (3%) higher than Fairmount.
