$215,286Average Value$118Average Price per Sq Ft40Homes 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
Christa Wolner,
an experienced agent in this area.
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On average, homes in Fairmont, MN sell after 49 days on the market compared to the national average of 54 days. The median sale price for homes in Fairmont, MN over the last 12 months is $184,000, up 3% from the median home sale price over the previous 12 months.
Exceptional 90+ Acre Development Opportunity with Over 1,800 Feet of Lakeshore Fairmont, MNA rare and remarkable investment opportunity awaits in the heart of southern Minnesota. This expansive 90+ acre property, located within the city limits of Fairmontknown as The City of Lakesoffers more than 1,800 feet of lakeshore along one of the regions most sought-after bodies of
Full of character and charm! Hardwood floors flow throughout, highlighted by natural light in every room. A sunroom through the French doors off the living room and tasteful updates to the kitchen and interior, complementing the home’s classic appeal. Three bedrooms upstairs with a split-room bathroom layout. Enjoy the deck overlooking the fenced backyard, plus a storage shed and shared garage.
This inviting 3-bedroom,1-bath home offers a bright and comfortable start to homebuying or an investing opportunity. A large living room gives the home an open, welcoming feel, perfect for everyday living. With a practical layout and approachable price point, this property stands out as an excellent option. The detached garage adds flexibility rounding out a home that's easy to appreciate and
Step into this well-maintained 5-bedroom, 2-bath historic home that offers classic character, charm, and a welcoming feel throughout. The grand foyer, highlighted by a beautiful staircase, sets the stage as you enter.The main floor features spacious and comfortable living areas, including a family room with vaulted ceilings, a gas fireplace, and heated floors for added winter comfort. The
This well-maintained home offers spacious living with a large living room, dining area, and kitchen on the main level—perfect for everyday comfort and entertaining. The main floor also features a generously sized primary bedroom complete with a walk-in closet and private 3/4 bath. Upstairs you'll find two additional bedrooms and a full bath, offering great space for family or guests. The property
Meticulously maintained and move-in ready 4-bedroom, 2-bath home on a cul-de-sac in Fairmont, MN! Notable features include new flooring throughout, a beautifully updated kitchen, and a functional layout with two separate flexible living spaces. Seller is related to the listing agent. Schedule your showing today!
Fantastic 3 bedroom 3 bath rambler located on a quiet cul-de-sac near the lake! Location awaits you in this pristine, spacious, main floor living home. Some of the great features on the main level include a spacious living room with a gas fireplace, master bedroom with a master bathroom, large formal dining room, and an eat-in kitchen. There is a spacious 2 car attached garage, and plenty of
This is main floor living at it's best! These patio homes were completed in February of 2025 and are ready for occupancy. No HOA fees so you are free to arrange your own lawn & snow services or do your own. There is a laundry room as you enter the house from the garage with storage space. The garage is deep enough to add shelving for additional storage too! 2 large bedrooms and the primary has
Spacious 4 bedroom/3 bathroom home on a large corner lot located at 220 E Christina Street in Fairmont. The house has been completely painted inside & out with a number of updates. The main level features an open concept living/dining/kitchen area with new lifetime flooring throughout & freshly painted cabinets in addition to a full bath & 2 bedrooms, with the primary bedroom having a private 3/4
You will love this location! This home is located in a desirable Fairmont neighborhood on the outskirts of town right across the street from a park. The main floor of this rambler features 3 large bedrooms, full bath, laundry, and open concept kitchen, dining area, and living room. In the basement you'll find a large family room with bar, a second full bath and lots of storage. The deck off the
Charming 2-bedroom, 1-bath home with an extra garage featuring a built-in workbench. Low-maintenance steel siding and soffits add durability and curb appeal.
Cozy 2 bedroom home with single car garage in a convenient central location. This home is a slight fixer-upper featuring original hardwood floors, two main floor bedrooms, eat-in kitchen, spacious backyard, and alley access. Garage measures 14X24. The central air unit is not working. The seller will leave the 2 window air units in the basement.
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
Listed by Renters Warehouse Mankato is this nice 2 bedroom 1 bath duplex available immediately. $850 + trash, gas, & electric (water/sewer provided). Pets okay with additional rent paid per month. Laundry room (free/shared) located in building. Credit/background check required. Please contact Dawn with any questions, or to schedule a viewing at .
Fairmont Square Apartments will have a 1st floor 2-bedroom apartment available for rent in October. 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
Listed by Renters Warehouse Mankato is this 1 bdrm 1 bath apt (in 4-unit apt bldg) in Fairmont. The apt is available immediately. $600 + electric. (owner pays water/sewer/trash & gas). Laundry facilities in building & off-street parking. Credit/background check required. Sorry no smoking/1 cat okay with refundable pet deposit paid. Please contact Dawn with any questions, or to schedule a viewing
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
These units are rarely available in this quiet cul-de-sac community. One level living. 2 Bedroom 1 and 3/4 bath units. Each unit has an open layout kitchen and dining space as well as a nice living room space. Attached single car garage, & separate mechanical room. Middle units have a second exterior door from the bedroom leading to their patio area (end units do not). Lawn & snow care is
Fairmont Square Apartments has a 3-bedroom apartment available for rent. Rent for a 3-bedroom is $1025. 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 including off-street
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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