According to statistics, the population in Fairmont, WV amounts to 18,575, which shows decline -1% compared to the previous year. The median age of the city’s residents is 35. The average household income is $39,759, shifting growth 3% from the past year, and the average property value in Fairmont, WV growth 6% to $109,300 throughout the year.
|Number Of Employees||8,383|
|Median Property Value||$109,300|
The average household income in Fairmont, WV grew from $38,566 to $39,759 in the past year. This data is an estimate based upon 7,490 households in Fairmont, WV . The chart below presents how household income is distributed in Fairmont, WV in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Fairmont, WV shifted from $103,600 to $109,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Fairmont, WV in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Fairmont, WV properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Fairmont, WV compared to median property taxes around the country. The prevalent amount of property taxes in Fairmont, WV equals $800, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|1 bed for sale||$31,500||-57.4%|
|2 bed for sale||$111,182||-17.9%|
|3 bed for sale||$181,939||-24.8%|
|4+ bed for sale||$221,251||-25.6%|
During Aug 2022, the average price for an apartment in/near Fairmont, WV decreased by 24.3% to $181,780.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 57.4% to $31,500. Asking price for 2-bed apartment also decreased by 17.9% and a place of this size will now cost you $111,182. A 3-bed apartment goes for $181,939, it decreased by 24.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 25.6% and made it down to $221,251.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$218,500||-29.3%|
|Houses for sale||$195,236||-14.2%|
|Other for sale||$203,666||-56.5%|
|Land for sale||$46,765||-44.9%|
Price reports demonstrate that house price decreased by 14.2% this month making it up to $195,236. The property value of townhouses decreased by 29.3%, you’ll have to spend around $218,500 to get one.