Fairmont CDP Illinois Area Home Supply Charts

This page looks at a variety of Fairmont CDP Illinois housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Fairmont CDP depicts it has a Housing Units of 970 which is less than most other places in the greater region.

Figure 2 illustrates the housing density in the Fairmont CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Fairmont CDP shows it has a Housing Density of 707.2 which is the smallest in terms of housing density of all the other places in the area. The place with the highest housing density in the area is Ingalls Park CDP which shows a density of 1169.5 (65.4% larger). Comparing housing density to the United States average of 38.9, Fairmont CDP is very much bigger. Also, measured against the state of Illinois, housing density of 96.4, Fairmont CDP is quite a bit bigger.

In Figure 4, Fairmont CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Fairmont CDP depicts it has a Housing Unit Change of 2.3% which is ranked #1 of all places in the greater Fairmont CDP region. Comparing change in the housing units to the United States average of 5.7%, Fairmont CDP is approximately half the size. Also, measured against the state of Illinois, change in the housing units of 1.2%, Fairmont CDP is about twice as large.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Fairmont CDP depicts it has a Renter Percent of 40.9% which is the second most of all the places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 59.1% which is the second smallest as measured by owner percent of all the other places in the metro area.

Fairmont CDP Illinois Home Cost Charts

Looking at the housing data provided in Figure 7, the average Fairmont CDP home price is illustrated for this community and a useful analysis of affordable housing. Fairmont CDP shows it has a Median Home Value of $105,300 which is less than most other places in the metro area. The place with the highest median home price in the area is Lockport which depicts a home price of $242,600 (approximately 2.3 times bigger). Figure 8 provides aggregate comparative data for the Fairmont CDP Illinois metro area in terms of the median housing rental rate, apartment rent, etc. Fairmont CDP depicts it has a Median Gross Rent of $1,127 which is the third most rental rates of all other places in the greater Fairmont CDP region. The place with the highest rental rates in the area is Lockport which indicates a rental rates of $1,241 (10.1% larger). Comparing rental rates to the United States average of $1,062, Fairmont CDP is 6.1% larger. Also, compared with the state of Illinois, rental rates of $1,010, Fairmont CDP is 11.6% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Fairmont CDP has one of the largest proportions of home price worth less than $50,000 at 32% of the total and is ranked #2. The only larger place being Ingalls Park CDP with 41%. Second, it has less than most other places in the area when sorted by home price worth between $100,000 to $200,000 at 4% of the total. Third, it has the largest proportion of home price worth between $500,000 to $750,000 at 1% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Fairmont CDP shows it has a Median Owner Cost of $763 which is the smallest when sorted by median ownership cost of all the other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Fairmont CDP metro area. it has a Owner Cost as % of HH Income of 16% which is the smallest when sorted by cost as a percent of household income of all the other places in the area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Fairmont CDP depicts it has a Median Home Value as Percent of Median Earnings of 309% which is the second smallest in terms of median home value as a percent of median worker earnings of all the other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Fairmont CDP shows it has a Median Owner Costs-With Mortgage of $914 which is the smallest as measured by median housing cost of all the other places in the metro area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $461 which is less than most other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Fairmont CDP has the largest proportion of owner cost less than $300 at 21% of the total and is ranked #1. Second, it has the largest proportion of owner cost between $500 and $700 at 24% of the total and is ranked #1. Third, it has the smallest proportion of owner cost between $700 and $1,000 at 18% of the total. Also, it has the smallest proportion of owner cost between $1,000 and $1,500 at 5% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Fairmont CDP depicts it has a % of Income Owner Costs-With Mortgage of 26% which is the largest of all places in the greater Fairmont CDP region. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Fairmont CDP shows it has a % of Income Owner Costs-No Mortgage of 11% which is the smallest in terms of cost as a percent of household income of all the other places in the surrounding region. The place with the highest cost as a percent of household income in the area is Preston Heights CDP which depicts a cost as a percent of household income of 17% (56.1% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Fairmont CDP has the smallest proportion of rent as a percent of income is less than 10 pct at 10% of the total. Second, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 25% of the total and is ranked #1. Third, it has in the middle range of other places in the greater region when ranked by rent as a percent of income is between 40pct to 50pct at 26% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Fairmont CDP has the largest proportion of housing cost less than $300 at 16% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,158 which is the second smallest when ranked by median real estate taxes paid of all the other places in the greater region. The place with the highest median real estate taxes paid in the area is Lockport which depicts a taxes paid of $6,841 (approximately 3.2 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, Fairmont CDP is about 14.5% smaller. Also, benchmarked against the state of Illinois, median real estate taxes paid of $4,419, Fairmont CDP is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Fairmont CDP Illinois has the percentage of rent between 500 and 750 dollars the second smallest when ranked by rent less than 300 dollars of all the other places in the area at 19% of the total. Second, it has the largest proportion of rent between 750 and 1000 dollars at 61% of the total and is ranked #1.

Fairmont CDP Illinois Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Fairmont CDP has the smallest proportion of with mortgage at 1% of the total. Second, it has the smallest proportion of 2nd mortgage or heloc-not both at 1% of the total.

Fairmont CDP Illinois Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 4.5 which is more than all other places in the greater Fairmont CDP region. Comparing family members per housing unit to the United States average of 3.3, Fairmont CDP is 34.8% larger. Also, measured against the state of Illinois, family members per housing unit of 3.3, Fairmont CDP is 35.2% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.4 which is the third most average number of rooms in a house of all other places in the greater Fairmont CDP region. The place with the highest average number of rooms in a house in the area is Lockport which shows an average number of rooms in a house of 6.4 (18.5% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1954 which is the second smallest in order of year built of all the other places in the local area. The place with the highest year built in the area is Lockport which depicts a year built of 1996 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 in the middle range of other places in the metro area at 15% of the total. Second, it has the smallest proportion of homes built between 2000 to 2009 at 0% of the total. Third, it has the smallest proportion of homes built between 1990 to 1999 at 2% of the total. Also, it has the second smallest when sorted by homes built in 2014 or later of all the other places in the metropolitan area in terms of homes built between 1970 to 1979 at 7% of the total. In addition, it has the largest proportion of homes built between 1960 to 1969 at 33% of the total and is ranked #1. Furthermore, it has one of the largest proportions of homes built between 1950 to 1959 at 10% of the total and is ranked #2. The only larger place being Ingalls Park CDP with 13%. Next it has one of the largest proportions of homes built between 1940 to 1949 at 26% of the total and is ranked #3. Only #2 Rockdale (29%), and #1 Ingalls Park CDP (34%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest when ranked by owner-occupied housing units of all the other places in the metro area at 337 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of one unit detached at 2% of the total. Second, it has the smallest proportion of 3 or 4 units at 0% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2010 to 2013 less than most other places in the area at $87,200 of the total. Second, it has in the intermediate range of other places in the local area in terms of value of homes built 1970 to 1979 at $150,000 of the total. Third, it has the second smallest when sorted by value of homes built 2014 or later of all the other places in the surrounding region when sorted by value of homes built 1960 to 1969 at $109,900 of the total. Also, it has the smallest proportion of value of homes built 1950 to 1959 at $56,100 of the total. In addition, it has the second smallest when sorted by value of homes built 2014 or later of all the other places in the local area as measured by value of homes built 1940 to 1949 at $108,900 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 15% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Fairmont CDP residents. it has a Owner-Household Size of 3.1 which is in the mid range of other places in the area. The place with the highest homeowner household size in the area is Rockdale which shows a homeowner household size of 3.3 (only about 4.8% larger).

Figure 37 shows the household size for renters. Fairmont CDP depicts it has a Renter-Household Size of 3.5 which is the largest of all places in the greater Fairmont CDP region. Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2017 or later the second smallest in order of owners moved in 2017 or later of all the other places in the surrounding region at 5% of the total. Second, it has one of the largest proportions of owners moved in 2015 to 2016 at 21% of the total and is ranked #2. The only larger place being Preston Heights CDP with 30%. Third, it has the smallest proportion of owners moved in 2000 to 2009 at 11% of the total. Also, it has the largest proportion of owners moved in 1990 to 1999 at 29% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Fairmont CDP has the smallest proportion of renters moved in 2017 or later at 6% of the total. Second, it has the largest proportion of renters moved in 2015 to 2016 at 65% of the total and is ranked #1. Third, it has the second smallest when ranked by renters moved in 2017 or later of all the other places in the local area when sorted by renters moved in 2010 to 2014 at 5% of the total. Also, it has the smallest proportion of renters moved in 2000 to 2009 at 1% of the total. In addition, it has the largest proportion of renters moved in 1990 to 1999 at 8% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2002 which is less than most other places in the greater region. Figure 41 compares the median year that renters moved into their home. Fairmont CDP shows it has a Renter Median Year Moved In of 2012 which is the second smallest when ranked by median year that a renter moved in of all the other places in the metro area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas less than most other places in the greater region at 6% of the total.