$529,900
- 4 Beds
- 5 Baths
- 3,862 Sq Ft
1334 Oak Beach Dr, Fairmont, MN 56031
Julie Liljenquist Edina Realty
$529,900
1334 Oak Beach Dr, Fairmont, MN 56031
Julie Liljenquist Edina Realty
$319,000
1631 Blue Jay Blvd, Fairmont, MN 56031
Allison Hennager CENTURY 21 Northland Realty
Fairmont, located in rural southern Minnesota, is known for its lakeside lifestyle and strong agricultural economy. The city features a connected lake system that offers ample opportunities for swimming, boating, and water skiing, making waterfront recreation a central part of life. Fairmont's economy is bolstered by agricultural production and manufacturers like Fairmont Foods and 3M. Downtown revitalization efforts are underway, enhancing the city's amenities and quality of life. Housing options include various styles from the early 20th century to the early 2000s, with ranch-style and Minimal Traditional properties being common. The White Ridge Trail development is introducing new twin homes to the southern end of the city. Fairmont maintains 400 acres of parkland with playgrounds, sports fields, and disc golf courses, providing numerous things to do for residents. Dining often revolves around the lakes, with local favorites like Channel Inn offering burgers and beer on an outdoor patio overlooking Hall Lake. Downtown Fairmont features consignment shops, jewelry stores, diverse hometown restaurants, and the Fairmont Opera House. The Fairmont Area School District is highly rated, with a focus on STEM learning. Annual events include the Martin County Fair, Interlaken Heritage Days, a fishing tournament, a triathlon, and Fourth of July fireworks. Prairie Lakes Transit operates fixed bus routes, while Interstate 90 and Route 15 provide regional connectivity. The Mayo Clinic Fairmont Hospital offers comprehensive medical services. Crime rates in Fairmont are trending down, with a significant decrease in overall crime and narcotic-related offenses since 2018.
On average, homes in Fairmont, MN sell after 44 days on the market compared to the national average of 70 days. The median sale price for homes in Fairmont, MN over the last 12 months is $270,000, up 44% from the median home sale price over the previous 12 months.
In Fairmont, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $319,000 to $529,900, there's a range to accomodate every budget. As of August, 2025 the median home price in Fairmont is $254,500, while the average sale price is $304,869, offering insights into the local housing market. On average, multi-family homes spend 44 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Fairmont, MN.