$218,506Average Value$117Average Price per Sq Ft56Homes 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
Erik Jensen,
an experienced agent in this area.
GreatSchools:
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On average, homes in Fairmont, MN sell after 55 days on the market compared to the national average of 58 days. The median sale price for homes in Fairmont, MN over the last 12 months is $182,000, down 3% from the median home sale price over the previous 12 months.
Welcome to the "Yellow Door Cottage". This quaint home overlooks beautiful Budd Lake! Enjoy your morning coffee on the freshly stained deck or unwind while watching stunning sunsets. Inside, the bright main floor flows seamlessly. Lake views from the living room, into the dining room and kitchen. The primary bedroom and full bathroom are located on the main floor, while three additional bedrooms
Step into comfort, space, and timeless charm with this beautifully updated four-bedroom, three-bath home. Featuring classic cedar siding, this property offers warm curb appeal and lasting durability. Inside, you’ll find all-new flooring/paint throughout, creating a fresh, modern feel in every room. Perfect for both relaxing and entertaining, the home boasts two inviting living spaces—each with
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
Beautiful 3 bedroom/2 bathroom home located on a secluded cul-de-sac off of Interlaken Golf Course at 135 Eltinge Place in Fairmont. The home has great curb appeal with a brick accent to the vinyl siding & well kept landscaping. The large backyard has a great patio for entertaining and looks out onto the golf course. The front door & tuckunder garage lead to the main level with spacious coat
A rare find—double lot, huge yard, major updates, and room for everyone. This expansive 4-bedroom, 3-bath home features a generously sized primary bedroom, refreshed interiors, and multiple living spaces designed for comfort. The versatile layout includes a bonus room that can easily serve as a 5th bedroom, giving you options as your needs evolve. With so much space inside and an oversized yard
Spacious 4-bedroom rambler with a fully finished basement and more room than you’d expect! This home features a thoughtful layout with three generously sized bedrooms on the main level, each offering ample closet space. The bright and inviting living and dining areas create a comfortable setting for everyday living. The kitchen provides convenient access to the garage and flows seamlessly to the
Update! New carpet was installed on April 7 throughout the main level, including 3 bedrooms.This home has an amazing amount of space combined with an open concept and also private area for bedrooms. All 4 bedrooms are on the main level as well as laundry. The 2rd bedroom on the main floor is well suited for an in-home office if desired. Large kitchen with informal dining area that ties in
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
Located within walking distance of Fairmont's largest park and shoreline of two lakes, this home has many possibilities and many options to chose from (live in and/or rent month to month in the summer). The home features hardwood floors on the main and upper levels. Both bedrooms and the bath are located on the upper level. The bedroom closets are 7x2 and 5x2. The furnace was installed in 2023
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
Great corner lot in central Location! Close to schools, grocery stores, shopping, parks, and churches. In the heart of Fairmont. Well maintained home with only 2 owners for the past 60 years. Three bedrooms and a full bath on main level. Large living room with dining room. Full basement that could be used as flex room, rec room, or storage. Updated vinyl siding, soffits and gutters, New
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
Property Id: 242918This 3 bedroom/1.5 bathroom town home is two levels. The upper level offers 3 carpeted bedrooms and a full bathroom. The living room, laundry room, and half bath can be found on the main level, in addition to the kitchen, which features oak cabinets and is equipped with a refrigerator, stove, dishwasher, and microwave. Sliding glass doors lead to a private patio and
Property Id: 2449857Welcome to your new home at 603 Albion Ave in Fairmont, MN! This cozy 3 bedroom, 1 bathroom unit is perfect for families or roommates. Enjoy the convenience of included utilities and nearby parks. Pets are welcome! Don't miss out on this secure building with shared washer/dryer and garage. Contact us now to schedule a viewing.
Property Id: 723932Cute home with hardwood floors throughout. Spacious yard. Centrally located close to schools. No smoking indoors and no pets. Tenant pays all utilities and is responsible for mowing and snow removal. We use a screening service for credit and background checks, and also check references. Phone cannot accept texts. Please complete the prescreener located at
Pheasant Run Apartments has 3-bedroom apartments available. Rent is based on 30% gross monthly household income. Rent for a 3-bedroom apartment ranges from $790-1000 plus a Security Deposit of $790. 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 laundry facilities, and lawn
At Three Pillars Property Management, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (RBP) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price includes rent with high-speed internet ($65/mo value) plus air filter delivery, utility setup assistance, credit
Pheasant Run Apartments has 3-bedroom apartments available. Rent is based on 30% gross monthly household income. Rent for a 3-bedroom apartment ranges from $790-1000 plus a Security Deposit of $790. 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 laundry facilities, and lawn
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
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
Summit Vue Apartments currently has a two-bedroom unit available for lease. The monthly rent is $705 and includes heat, water, sewer, and trash services. This apartment offers generous closet space and comes equipped with window blinds throughout. Residents also have access to on-site laundry facilities, with garage rentals available. Photos are of a typical unit and may not be the actual unit
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