Market Overview
Home Prices in Fairmont City, IL
The median home value in Fairmont City, IL is $69,369 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.4% compared to a year ago and down 15.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairmont City are priced83% below average. Fairmont City is part of the St. Louis, MO-IL metro area.
Over the past five years, Fairmont City home values have fallen by approximately18.6%, reflecting softening conditions in this market.
Price History
Fairmont City Home Price Trend
City Comparison
Fairmont City vs. National Median
At $69,369, homes in Fairmont City cost 83% below the national median of $410,000. This makes Fairmont City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairmont City?
20% Down Payment
$13,874
on $69,369
Monthly P&I
$362/mo
30-yr @ 6.8%
Total Monthly Est.
~$460/mo
incl. taxes & insurance
Income Needed
$18,400
gross annual (30% rule)
10% Down Option
$6,937
+ PMI applies
Loan Amount (20% dn)
$55,495
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fairmont City, IL?
The median home value in Fairmont City is $69,369 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.4% year-over-year.
How much have home prices changed in Fairmont City?
Over the past year, home values in Fairmont City have decreased by 1.4%. Over five years, prices have fallen approximately 18.6%.
How much do I need to earn to buy a home in Fairmont City?
To comfortably afford the median home price of $69,369 with a 20% down payment ($13,874) at today's rates (6.8%), you'd need a gross annual income of approximately $18,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairmont City compare to the national average home price?
The national median home value is approximately $410,000. At $69,369, homes in Fairmont City are 83% below the national average.
What metro area is Fairmont City part of?
Fairmont City is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.