Fairmount, ND
Population 316 · North Dakota
About Fairmount, ND
Fairmount is a small community located in North Dakota with a population of 316 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,313 per year, which is 26% below the national median of $75,149. The median age of 39.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Fairmount features a median home value of $79,300, which is 68% below the national median of $244,900. This makes Fairmount one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $567, 51% below the national average of $1,163/month. Of the 191 total housing units, 89% are owner-occupied (135 units) and 11% are renter-occupied (16 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairmount shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fairmount have an average one-way commute time of 14.6 minutes, one of the shorter commutes in the region.
Education & Demographics
13.4% of Fairmount residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.1% White, 9.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.2% of the population being foreign-born.
How Fairmount Ranks in North Dakota
Cost of Living in Fairmount, ND
Compared to national averages, Fairmount has a median household income of $55,313 (26% below the national median of $75,149). Home values average $79,300, which is 68% below the national median. Monthly rent at $567 is 51% below the US average of $1,163. Within North Dakota, Fairmount's income is 24% below the state average of $72,691, and home values are 43% below the state median of $139,496.
Why Live in Fairmount, ND?
Fairmount offers affordable housing with a median home value of $79,300, below the US average of $244,900, and rent that’s lower than the national average at $567/month, and a strong job market with an unemployment rate of just 3.1%. Additionally, the city features a low poverty rate of 11.7%, better than the national average, and short commute times averaging just 14.6 minutes.
Potential considerations include median household income ($55,313) that falls below the national average. However, Fairmount’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairmount has a population of 316 with a median age of 39.2 years. Compare Fairmount with other cities to see how it stacks up, or explore all cities in North Dakota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fairmount
What is the population of Fairmount, ND?
The population of Fairmount, ND is 316 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Dakota.
What is the median household income in Fairmount?
The median household income in Fairmount, ND is $55,313 per year, which is 26% below the national median of $75,149.
What is the median home value in Fairmount?
The median home value in Fairmount, ND is $79,300, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairmount?
The median monthly rent in Fairmount, ND is $567, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount, ND is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fairmount, ND a good place to live?
Fairmount offers a moderate cost of living, affordable housing, and a strong job market. With a population of 316 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Fairmount, ND?
13.4% of residents in Fairmount aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fairmount?
Key cost-of-living indicators for Fairmount, ND: median home value is $79,300 (68% below national), median rent is $567/month, and median household income is $55,313. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairmount?
The poverty rate in Fairmount, ND is 11.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fairmount, ND?
Fairmount's population is 5.1% White, 9.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.2% of residents are foreign-born.