What percentage of people rent in Fairmount, IN?
21.7% (±9.5 points) of the occupied homes in Fairmount, IN are rented (2020–2024 American Community Survey).
That is 219 renting households against 791 that own their home.
In Fairmount, the share of households that rent went from 30.3% in 2015–2019 to 21.7% in 2020–2024 (−8.6 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 21.7% (±9.5 points)
- Renting households
- 219 (±102)
- Median renter income
- $37,642 (±$10,058)
Who rents and who owns in Fairmount
| Fairmount | Grant County | Indiana | United States | |
|---|---|---|---|---|
| Renter-occupied share | 21.7% (±9.5 points) | 27.3% (±1.9 points) | 29.4% (±0.3 points) | 34.8% |
| Renting households | 219 (±102) | 7,303 (±518) | 799,766 (±7,038) | 45,017,354 |
| Owning households | 791 (±134) | 19,470 (±600) | 1,916,243 (±9,865) | 84,210,142 |
| Average renter household size | 3.0 (±0.9) | 2.1 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.5 (±0.4) | 2.3 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $37,642 (±$10,058) | $38,026 (±$4,046) | $42,811 (±$480) | $52,966 |
| Median owner household income | $57,083 (±$13,314) | $61,117 (±$3,051) | $87,459 (±$395) | $100,009 |
In Fairmount, the renter share is not measurably different from Grant County (27.3%).
It is not measurably different from Indiana (29.4%).
It is lower than the national figure (34.8%).
In Grant County, Fairmount ranks 10 of 23 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 631 of 1,600.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Fairmount has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 30.3% (±7.6 points) | 21.7% (±9.5 points) | −8.6 percentage points | Not a measurable change |
| Median gross rent | $542 (±$151) | $1,026 (±$209) | +89.3% | Up after inflation |
| Median household income | $44,688 (±$5,324) | $51,739 (±$11,263) | +15.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Fairmount
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Fairmount | — | 21.7% (±9.5 points) | — |
| Fairmount Township | 1.8 mi | 19.4% (±7.6 points) | Not measurably different |
| Fowlerton | 4.0 mi | 28.2% (±15.8 points) | Not measurably different |
| Jonesboro | 4.4 mi | 21.1% (±7.8 points) | Not measurably different |
| Mill Township | 4.8 mi | 24.0% (±5.2 points) | Not measurably different |
| Liberty Township (Grant County) | 5.1 mi | 2.6% (±4.3 points) | Lower |
| Van Buren Township (Madison County) | 5.3 mi | 16.6% (±6.8 points) | Not measurably different |
| Summitville | 5.6 mi | 28.6% (±9.5 points) | Not measurably different |
| Gas City | 5.7 mi | 28.4% (±8.1 points) | Not measurably different |
Nearby places with a measurably lower figure: Liberty Township (Grant County), IN (2.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Grant County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 4 | Gas City | 28.4% (±8.1 points) |
| 5 | Fowlerton | 28.2% (±15.8 points) |
| 6 | Pleasant Township (Grant County) | 26.9% (±7.1 points) |
| 7 | Mill Township | 24.0% (±5.2 points) |
| 8 | Matthews | 23.5% (±13.0 points) |
| 9 | Upland | 22.0% (±7.8 points) |
| 10 | Fairmount | 21.7% (±9.5 points) |
| 11 | Jonesboro | 21.1% (±7.8 points) |
| 12 (tie) | Sweetser | 19.4% (±10.5 points) |
| 12 (tie) | Fairmount Township | 19.4% (±7.6 points) |
| 14 | Jefferson Township (Grant County) | 19.2% (±5.1 points) |
| 15 | Van Buren Township (Grant County) | 19.1% (±9.9 points) |
| 16 | Van Buren | 18.6% (±8.4 points) |
Showing 13 of 23 places in Grant County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Fairmount
How many renters are there in Fairmount?
Fairmount has an estimated 219 (±102) renting households, 21.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Fairmount?
In Fairmount, the share of households that rent went from 30.3% in 2015–2019 to 21.7% in 2020–2024 (−8.6 percentage points), not a measurable change.
How big are renting households in Fairmount?
A renting household in Fairmount has 3.0 people on average, against 2.5 in an owned home.
How much do renters earn in Fairmount?
The median renting household in Fairmount, IN has an income of $37,642 (±$10,058) a year, against $57,083 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Fairmount town, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Fairmount town, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Fairmount town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Fairmount town, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Fairmount town, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Fairmount town, Indiana (place:22432, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Crime reported to police in Fairmount
- Population growth in Fairmount
- How long people stay in Fairmount
- Indiana landlord and tenant rules
- Housing across Grant County
- Indiana places ranked by share of renters
- Housing data for every place in Indiana