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ZipNumbers

Indiana · Census place 22432

Fairmount town, IN

Quick answer

Fairmount town has 2,575 residents, ranking #195 of 976 places in Indiana. Median household income is $45,163, the median home is worth $96,700 and median gross rent runs $827 a month.

Population
2,575Fairmount town residents
Median household income
$45,163Past 12 months, inflation adjusted
Median home value
$96,700Owner-occupied units
Median gross rent
$827Rent plus utilities, monthly
Median age
35.1 yrsAll residents
Homeownership rate
67.5%Owner-occupied households

What the numbers mean in Fairmount town

Housing cost measured against local earnings.

A household earning the Fairmount town median would spend about 22% 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 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22.4% of residents and 67.5% 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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