HomeMinnesotaMartin CountyFairmont
Fairmont, Minnesota: commercial real estate data.
Fairmont is a Census city of 10,296 people across 15.00 square miles of land, in Martin County. Median household income is $53,084, 60.9 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $1.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Fairmont
What Fairmont is
- Census place typecity
- Land area15 sq mi
- Water area1.89 sq mi
- Population per square mile of land686
- County holding the largest share of its areaMartin County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairmont
How many people live in Fairmont
- Population10,296
- Median age46.6
- Population under 182,180
- Share under 1821.2 percent
- Population 65 and over2,691
- Share 65 and over26.1 percent
- Households4,884
- Family households2,640
- Share of households that are families54.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairmont
Income and work in Fairmont
- Median household income$53,084
- Per capita income$37,825
- Civilian labor force5,031
- Employed4,877
- Unemployed154 plus or minus 78
- Unemployment rate3.1 percent plus or minus 1.5
- Adults 25 and over7,516
- Adults 25 and over with a high school diploma or higher95.2 percent
- Adults 25 and over with a bachelor degree or higher25.7 percent
- Adults 25 and over with a graduate degree9.0 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairmont
Housing in Fairmont
- Housing units5,285
- Occupied units4,884
- Vacant units401 plus or minus 219
- Vacancy rate7.6 percent plus or minus 4.1
- Owner occupied2,973
- Renter occupied1,911
- Ownership rate60.9 percent
- Median owner-occupied home value$169,900
- Median gross rent, monthly$738
- Annual rent as a share of median income16.7 percent
- Single family units3,477
- Share single family65.8 percent
- Units in buildings of two or more1,693
- Share in buildings of two or more32.0 percent
- Mobile homes115 plus or minus 63
- Median year structure built1966
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairmont
How Fairmont gets to work
- Workers 16 and over who commute4,450
- Commuting under 15 minutes3,231
- Share commuting under 15 minutes72.6 percent
- Commuting 30 minutes or more600 plus or minus 162
- Share commuting 30 minutes or more13.5 percent plus or minus 3.5
- Drove alone79.6 percent
- Carpooled6.2 percent plus or minus 2.5
- Public transport0.0 percent
- Walked4.9 percent plus or minus 2.5
- Worked from home6.7 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairmont
SBA loans in Fairmont (7(a))
- Approvals3
- Gross approval$1,272,000
- Average approval$424,000
- Median approval$500,000
- Largest approval$622,000
- Jobs supported34
- Jobs per approval11.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises33.3 percent
- Distinct lenders3
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Fairmont, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fairmont
SBA loans in Fairmont (504)
- Approvals12
- Gross approval$8,917,000
- Average approval$743,083
- Median approval$501,000
- Largest approval$3,294,000
- Jobs supported83
- Loans with a final outcome5
- Charged off0
- Median term270 months
- Distinct CDCs5
Counted by borrower city: approvals to borrowers whose address is in Fairmont, in any county, FY2010 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Fairmont
Flood risk in Fairmont
- NFIP communityCity of Fairmont
- NFIP community number270276
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date10/01/18(L)
The City of Fairmont participates in the National Flood Insurance Program as community 270276 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Martin County, not Fairmont
Martin County context, not Fairmont figures
- Establishments in Martin County597
- Covered employment, Martin County8,245
- Average annual pay, Martin County$53,706
- Housing units permitted, Martin County27
Every figure in this section is published for Martin County as a whole and is not a measurement of Fairmont.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Fairmont questions, answered from the record.
How many people live in Fairmont, Minnesota?
10,296, in 4,884 households. Fairmont city covers 15.00 square miles of land, which is 686 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Fairmont in?
Martin County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Fairmont?
$53,084. The median owner-occupied home is valued at $169,900. Median gross rent is $738 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Fairmont businesses?
3 7(a) approvals totaling $1.3 m since FY2020, across 3 lenders, median approval $500,000, plus 12 504 approvals worth $8.9 m since FY2010. These count approvals to borrowers whose address is in Fairmont, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Fairmont borrowers get paid back?
No rate is published for Fairmont. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Fairmont in the National Flood Insurance Program?
Yes. Fairmont appears in the FEMA Community Status Book as Fairmont, city of, community 270276, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Fairmont figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Martin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Fairmont.
Is zoning published for Fairmont?
No. Nothing on this page presents parcel level zoning.
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