$217,255Average Value$120Average Price per Sq Ft39Homes For Sale
Lakeside living in rural southern Minnesota
Fairmont offers a lakeside lifestyle in southern Minnesota. This rural city is known for its connected lake system, where waterfront recreation and real estate are a main attraction. Located in the state's top pork-producing county, Fairmont's economy is based mainlyon agriculture and manufacturers such as Fairmont Foods and 3M. With a strong economic footing, the city is moving into the future with downtown revitalization efforts. "If you're someone looking for a small-town lifestyle and good opportunity, we're economically sound with great amenities and quality of life," says Economic Development Coordinator Ned Koppen, who has lived in Fairmont since 1986.
With five lakes, waterfront property is abundant in Fairmont.
Fairmont Foods dates back to the late 19th century and is known for pork production.
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Variety of homes and prices on the lakes
Lake homes are Fairmont's most popular real estate, according to Paul Determan, a Realtor with Re/Max and a lifelong Fairmont resident. "Compared with other lakeside communities, our prices are appealing," he says. The median price is around $175,000 — less than half of the national median. There are various styles from the early 20th century through the early '00s, including ranch-style properties and Minimal Traditional properties. Development is rare, but the White Ridge Trail development is bringing new twin homes to the southern end of the city.
Tudor style homes can be found in more established areas of Fairmont.
Split level homes are common in newer areas of Fairmont.
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Swimming, boating and water skiing on the weekends
The Fairmont lifestyle includes weekends on the water. Four of the five lakes connect so that boats can travel in between. Kayaks, flat-bottom fishing boats and performance boats are common sights on the lakes, dropping in at public launches or floating out from private docks and yacht clubs. "There is a lot of water skiing, fishing, and just people out enjoying time with their friends and taking in the sun," Determan says. Besides the lakes, Fairmont maintains 400 acres of parkland with playgrounds, sports fields and disc golf courses. In the winter, residents also head to city parks for sledding and ice skating.
Gomsrud Park offers a modern playground near the shores of Budd Lake.
Gomsrud Park has public beach access for swimming in Budd Lake.
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Burgers by the water at Channel Inn
Like many Fairmont activities, dining revolves around the lakes. Channel Inn is a local favorite that serves burgers, tater tots and beer on an outdoor patio overlooking Hall Lake. Downtown Fairmont is rebounding after a period of decline, Koppen says. "Over the last three and a half years, we've seen an upswing, and now it's hard to find a vacancy," he says. "Business owners have made a lot of investments in new signage and storefronts." Consignment shops, jewelry stores and diverse hometown restaurants are found across downtown Fairmont, along with the Fairmont Opera House. Chain restaurants and a Hy-Vee Grocery Store sit along State Route 15.
HyVee is one of the few big box stores in the Fairmont area.
The Channel Inn is a popular lakeside restaurant in Fairmont, offering boat parking in the summer.
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STEM learning at Fairmont schools
The Fairmont Area School District earns an overall B from Niche. It encompasses Fairmont Elementary School, which serves early childhood through sixth grade, and Fairmont Junior/Senior High School, which serves seventh through twelfth. The district recently revised its curriculum to incorporate more Science, Technology, Engineering and Math instruction, from technology activities in early childhood to career and technical education courses in high school.
Minnesota's second-largest county fair
The Martin County Fair is an annual highlight featuring big-name artists, a rodeo, carnival games and livestock shows. It's Minnesota's second-largest county fair. "Every county has a county fair, but I think ours is truly special by comparison," Koppen says. "It's the size, the entertainment and the commitment from the fair board to make it a big deal." Interlaken Heritage Days features rubber duck races, vendors and a car show. Other annual highlights include a fishing tournament, a triathlon and a Fourth of July fireworks show over the water.
Prairie Lakes Transit travels around town
Fairmont is somewhat walkable, with a network of sidewalks around the downtown area, although the lakes and outskirts require travel by car and public transportation. Prairie Lakes Transit operates a few fixed bus routes throughout the center of the city. Interstate 90 and Route 15 are the primary routes across the region, intersecting at the top of Fairmont. I-90 is the primary way to get to Mason City Municipal Airport, about 100 miles southeast, the closest airport with commercial service, offering daily service to Chicago. The Mayo Clinic Fairmont Hospital features primary and specialty care services, including around-the-clock emergency care.
Crime rates are trending down
In its 2023 annual report, the Fairmont Police Department noted that its overall crime rate decreased significantly, about 36%, from 2018. It also noted a significant drop in narcotic-related offenses due in part to community initiatives such as the Martin County Substance Abuse Prevention Coalition.
Written By
Liz Coughlin
Photography Contributed By
Brandon Rowell
Video By
Jason Jacot
Interested in learning more about homes in this area?
Reach out to
Christopher Wasilensky,
an experienced agent in this area.
GreatSchools:
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On average, homes in Fairmont, MN sell after 49 days on the market compared to the national average of 55 days. The median sale price for homes in Fairmont, MN over the last 12 months is $182,295, down 3% from the median home sale price over the previous 12 months.
Move-in ready and packed with updates, this multi-level split home is one you won’t want to miss! The main floor features new LVP flooring, while the upper level offers new carpet throughout. The kitchen has been refreshed with newer countertops and fresh cabinet pulls along with appliances, creating a clean and updated feel. You’ll also appreciate the newer windows throughout most of the home,
Beautiful Home on Lake Sisseton, located next to The Marina Lodge. This three-bedroom, two-bath residence features an open-concept design with stunning views of the lake! The kitchen has Cambria counters, stainless appliances & beautiful cabinets which is open to the cozy living room with a gas fireplace and sliding glass doors out to a patio with a second fireplace to enjoy! A perfect place to
Nestled on the shores of Lake Sisseton, this beautiful three-bedroom, two-bath home offers stunning lake views and sunsets. The open-concept design has a stylish kitchen with Cambria countertops, stainless steel appliances, and beautiful cabinets, adjacent to the cozy living room. The living room features a gas fireplace and sliding glass doors that lead to a patio with an additional fireplace,
Welcome to this beautifully updated 3-bedroom, 3-bath, two-story home situated on an extra-large corner lot! From the moment you arrive, you’ll appreciate the space, comfort, and thoughtful updates throughout. The stunning kitchen was remodeled in 2019 with elegant Cambria countertops, rich hickory cabinetry, and stainless steel appliances, perfect for both everyday living and entertaining. Just
Beautifully updated and move-in ready, this home offers a large entertainment-sized living room ideal for gatherings and everyday comfort. Featuring 3 bedrooms and 2 bathrooms, the layout provides both space and functionality. The fully updated kitchen showcases modern finishes and flows seamlessly into the living areas. New flooring throughout adds a fresh, cohesive look. Step outside to enjoy a
Don’t let first impressions fool you — this home is bigger than it looks! Offering 3 bedrooms, 2 bathrooms, and a unique layout, this property is full of character and functionality. Beautiful hardwood floors, abundant storage, and all appliances included make this home an excellent opportunity. Situated on a corner lot in the heart of town, you’ll love the close proximity to schools, shopping,
This well-maintained 3-level split home offers a functional layout and great location on the south end of Fairmont. The main floor features a spacious kitchen and large dining area that could also serve as an additional living room—perfect for everyday living and entertaining. Upstairs, you’ll find three bedrooms, a full bathroom, and convenient storage closets. The lower level includes a large
Centrally located 3 bedroom rambler on a spacious corner lot, offering plenty of room to enjoy both inside and out. This home features beautiful hardwood floors in all 3 bedrooms and hallway. The galley kitchen features lots of cabinet and counter space and is open to the dining area. The main floor bathroom includes a new walk-in shower and lots of storage and counter space. The basement is
Main level living at its finest, this beautifully renovated home is ready to be seen in person and delivers exceptional style inside and out. Enjoy stunning curb appeal with premium Diamond Kote LP Smart Siding Inside, the main floor shines with recessed lighting and luxury vinyl plank flooring that flows seamlessly throughout. The kitchen features quartz countertops and backsplash, a large
So much potential here! This 2 bedroom rambler is located on a corner lot in the heart of town. There is new flooring in the living/dining room. The basement has a radon mitigation system. New vinyl siding in 2025.
Located right across the street from Budd Lake just a short walk from Gomsrud park. This warm & inviting 2 bedroom 2 bath home has been lovingly maintained and updated. Entering the front door you will note the beautiful hardwood floors, and large living room space. Nice flow into the kitchen & dining room/back den area. Updated cabinetry in kitchen, with many special touches. Main level has two
Situated on a desirable corner lot in a central location, this spacious 4BR/2BA home offers comfort, functionality, and room to grow.Step into the large living room, where a huge picture window fills the space with natural daylight and a cozy wood-burning fireplace creates the perfect gathering spot. A convenient doorway leads to the dining area and kitchen, providing an easy flow for
Listed by Renters Warehouse Mankato is this 2 bedroom / 1 bathroom apartment in Fairmont available March 1st. Rent is $950 + all utilities (except garbage). Pets okay with a $500 pet deposit. Washer/dryer included. Credit/background check required. Please contact Dawn with any questions, or to schedule a viewing at .
Pheasant Run Apartments will have a 2-bedroom income-based apartment available mid-January. Rent is based on 30% gross monthly household income. Rent for a 2-bedroom apartment ranges from $760-947 plus Security Deposit of $760. Rental Assistance may be available for qualified applicants. HEAT, water, sewer, and garbage are included in the rent. Amenities include off-street parking, on-site
Fairmont Square Apartments will have a 2-bedroom apartment available for rent in September. Rent for a 2-bedroom is $825. The Security Deposit is equal to 1 full month's rent. Heat, electricity, water, sewer, and garbage are included in the rent. There is an A/C charge during the months of May-September of $40/month for 1 and 2 bedroom apartments. This property features numerous amenities
Fairmont Square Apartments currently has 2-bedroom Tax Credit as well as Market Rate apartments available for rent. Rent for a 2-bedroom is $825. The Security Deposit is equal to 1 full month's rent. Heat, electricity, water, sewer, and garbage are included in the rent. There is an A/C charge during the months of May-September of $40/month for 1 and 2 bedroom apartments. This property features
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