Market Overview
Home Prices in Fairmount, IN
The median home value in Fairmount, IN is $176,003 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairmount are priced57% below average. Fairmount is part of the Marion, IN metro area.
Over the past five years, Fairmount home values have risen by approximately32.8%, reflecting strong long-term appreciation in this market.
Price History
Fairmount Home Price Trend
City Comparison
Fairmount vs. National Median
At $176,003, homes in Fairmount cost 57% below the national median of $410,000. This makes Fairmount a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairmount?
20% Down Payment
$35,201
on $176,003
Monthly P&I
$918/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,166/mo
incl. taxes & insurance
Income Needed
$46,640
gross annual (30% rule)
10% Down Option
$17,600
+ PMI applies
Loan Amount (20% dn)
$140,802
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 Fairmount, IN?
The median home value in Fairmount is $176,003 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Fairmount?
Over the past year, home values in Fairmount have increased by 3.2%. Over five years, prices have risen approximately 32.8%.
How much do I need to earn to buy a home in Fairmount?
To comfortably afford the median home price of $176,003 with a 20% down payment ($35,201) at today's rates (6.8%), you'd need a gross annual income of approximately $46,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairmount compare to the national average home price?
The national median home value is approximately $410,000. At $176,003, homes in Fairmount are 57% below the national average.
What metro area is Fairmount part of?
Fairmount is part of the Marion, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.