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ZipNumbers

Illinois · Census place 24985

Fairmount village, IL

Quick answer

Fairmount village has 610 residents, ranking #869 of 1462 places in Illinois. Median household income is $63,393, the median home is worth $95,900 and median gross rent runs $735 a month.

Population
610Fairmount village residents
Median household income
$63,393Past 12 months, inflation adjusted
Median home value
$95,900Owner-occupied units
Median gross rent
$735Rent plus utilities, monthly
Median age
40.6 yrsAll residents
Homeownership rate
76.5%Owner-occupied households

What the numbers mean in Fairmount village

Housing cost measured against local earnings.

A household earning the Fairmount village median would spend about 13.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.3% of residents and 76.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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