What percentage of people rent in Fairmont, MN?

Name: Renters and owners in Fairmont, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

39.1% (±5.3 points) of the occupied homes in Fairmont, MN are rented (2020–2024 American Community Survey).

That is 1,911 renting households against 2,973 that own their home.

In Fairmont, the share of households that rent went from 33.4% in 2015–2019 to 39.1% in 2020–2024 (+5.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 39.1% (±5.3 points)
Renting households: 1,911 (±268)
Median renter income: $34,645 (±$6,821)

Who rents and who owns in Fairmont

Tenure, estimate (90% margin of error)
	Fairmont	Martin County	Minnesota	United States
Renter-occupied share	39.1% (±5.3 points)	31.1% (±3.3 points)	27.8% (±0.2 points)	34.8%
Renting households	1,911 (±268)	2,749 (±322)	641,268 (±4,528)	45,017,354
Owning households	2,973 (±300)	6,090 (±303)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.9 (±0.2)	2.0 (±0.1)	2.0 (±0.0)	2.3
Average owner household size	2.2 (±0.2)	2.3 (±0.1)	2.6 (±0.0)	2.6
Median renter household income	$34,645 (±$6,821)	$36,938 (±$5,430)	$51,080 (±$531)	$52,966
Median owner household income	$75,504 (±$12,829)	$76,591 (±$3,940)	$108,214 (±$476)	$100,009

In Fairmont, the renter share is higher than in Martin County (31.1%).

It is also higher than in Minnesota (27.8%).

It is not measurably different from the national figure (34.8%).

In Martin County, Fairmont ranks 2 of 30 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 113 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Fairmont has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	33.4% (±4.5 points)	39.1% (±5.3 points)	+5.7 percentage points	Not a measurable change
Median gross rent	$621 (±$38)	$738 (±$47)	+18.8%	No measurable change after inflation
Median household income	$47,876 (±$3,659)	$53,084 (±$3,861)	+10.9%	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 Fairmont

Nearest places with a published estimate, compared with Fairmont
Place	Distance	Households that rent	Compared with this place
Fairmont	—	39.1% (±5.3 points)	—
Fairmont Township	3.2 mi	10.4% (±6.0 points)	Lower
Rolling Green Township	5.1 mi	21.9% (±16.4 points)	Not measurably different
Rutland Township	5.5 mi	13.6% (±5.8 points)	Lower
Northrop	6.4 mi	15.8% (±6.0 points)	Lower
Granada	6.6 mi	8.8% (±9.0 points)	Lower
Silver Lake Township	7.1 mi	5.5% (±6.3 points)	Lower
Fraser Township	7.2 mi	11.1% (±6.2 points)	Lower
Welcome	7.3 mi	23.1% (±11.6 points)	Lower

Nearby places with a measurably lower figure: Fairmont Township, MN (10.4%), Rutland Township, MN (13.6%), Northrop, MN (15.8%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Martin County, place by place

Rank	Place	Households that rent
1	Dunnell	51.6% (±38.4 points)
2	Fairmont	39.1% (±5.3 points)
3	Tenhassen Township	35.6% (±22.9 points)
4	Truman	34.9% (±9.1 points)
5	Trimont	32.8% (±9.0 points)
6	Westford Township	28.6% (±14.1 points)
7	East Chain Township	23.9% (±12.1 points)
8	Sherburn	23.2% (±9.6 points)

Showing 8 of 30 places in Martin 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.

What you can do on Seayora in Fairmont

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Questions about Fairmont

How many renters are there in Fairmont?

Fairmont has an estimated 1,911 (±268) renting households, 39.1% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Fairmont?

In Fairmont, the share of households that rent went from 33.4% in 2015–2019 to 39.1% in 2020–2024 (+5.7 percentage points), not a measurable change.

How big are renting households in Fairmont?

A renting household in Fairmont has 1.9 people on average, against 2.2 in an owned home.

How much do renters earn in Fairmont?

The median renting household in Fairmont, MN has an income of $34,645 (±$6,821) a year, against $75,504 for households that own their home.

Sources

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 Fairmont city, Minnesota (place:20330, in state:27).

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.

Request a Census API 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.