Fairmount's January First-Time Homebuyer Report

Fairmount is a smaller-than-average city in Maryland with 457 residents. Its population is growing about even with the rest of the state, at a 10-year growth rate of -12.9%. It should be noted that at 55.8%, most people own their homes in Fairmount. Heading the list of top schools in the city is Somerset 6/7 Intermediate School.

Price Range

The median value of homes in Fairmount is $100,000, making it one of the lower priced areas in Maryland. At the same time, the average list price of available homes is presently $143,518.

Out of all the listings in Fairmount, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$439K  

Typical Dwelling

A three-bedroom detached home valued around $146,100 is considered a typical dwelling in Fairmount. If a buyer was looking for a similar home, they would need good credit and a $29,220 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $21 and the property tax rate is $8.22 per $1,000 of taxable assessed value.

Get started right now by checking out Fairmount homes for sale or reviewing Fairmount real estate trends.


Data reported through 1/12/2017

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