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Fairmount

Fairmount

Located in Grant County

$143,679 Average Value
$109 Average Price per Sq Ft
1 Home For Sale

Fairmount is a small community with a famous pedigree

James Dean was the personification of 1950s California cool, but the late actor spent much of his childhood in Fairmount. This east-central Indiana locality wears its connection to Dean like a badge of honor, touting The James Dean Museum and a James Dean Festival that draws thousands annually. Fairmount’s water tower features a painting of Dean and of Garfield — Jim Davis, the comic’s creator, also grew up here. Present-day residents fill a community packed with classic houses, and its small-town feel persists despite its notoriety as the home of Dean and Davis. “When you go to Fairmount, you feel like you’re in Mayberry,” says Cathy Hunnicutt of Re/Max Realty One, who’s among Indiana’s top agents with over 100 sales per year. “Which is an amazing, wonderful feeling.”

Fairmount offers a snapshot of classic architecture

Many of the area’s homes date to a period from the turn of the 20th century through the middle of the century. The community’s narrow, quiet residential streets offer a sampling of classic bungalow, Craftsman and ranch-style architecture. “Fairmount has some really beautiful older homes,” Hunnicutt says. “Well-preserved, gorgeous — I mean, gorgeous — older homes.” However, there are some modern New Traditional houses in spots, built in the 1990s and early 2000s. Properties sell for $70,000 to $400,000, based on condition and lot size, which can sometimes top an acre.

Downtown includes an eclectic mix of restaurants and other businesses

Main Street makes up Fairmount’s downtown, smack dab in the middle of this area. The James Dean Museum anchors downtown, at the corner of Main and Washington streets. The facility houses the largest collection of Dean’s personal belongings globally, including multiple motorcycles, photos and clothes. “James Dean is a huge attraction,” Hunnicutt says. The museum is less than a block from The Branch, a cafe operated by the Fairmount Wesleyan Church, with a menu that includes the cinnamon-and-brown-sugar-flavored James Dean Latte. Hunnicutt says Grains & Grill is popular, a restaurant known in part for its rib-eye steaks. Bad Dad Brewing Co. next door has a selection of over 10 beers. Fairmount Pro Hardware offers all sorts of products for home and yard, and Horner’s Market has groceries.

James Dean Festival takes over in late September

Held on the last weekend of every September, the James Dean Festival is Fairmount’s signature event. Hunnicutt says that people come from all over the world for the festival, which is roughly 50 years old and includes live music, carnival rides, a parade and a car show. The event happens around the same time as the Ducktail Run Rod & Custom Car Show in nearby Gas City, another big draw. The two events flood the region with visitors. “You have to book your hotels almost a year in advance because there’s so many people, not just from the United States but from overseas, that come in,” Hunnicutt says.

Area schools present hands-on learning opportunities

The local Madison-Grant United School Corporation gets a B-minus grade on Niche. The B-minus-rated Summitville Elementary covers kindergarten through second grade. Students at the C-plus-rated Park Elementary, where there are grades 3 through 6, get hands-on experiences like making their own flour to demonstrate the food production process. Madison-Grant Jr./Sr. High School has a B-minus rating and offers opportunities including CNA certification through Leffler Academy in Gas City.

Parks provide opportunities for recreation and relaxation

Playacres Park is the centerpiece of Fairmount’s park system, stretching almost 13 acres just south of downtown. The space encompasses a 1-mile trail, a playground and a pavilion available for rent. James Dean Memorial Park downtown is a passive space, with benches to sit and enjoy lunch or a book, under shade trees.

Cities including Marion, Fort Wayne and Indianapolis are close

Fairmount residents are just about 11 miles south of Marion, whose Marion Health-MGH Campus hospital features a 24-hour emergency room. Fort Wayne is a 55-mile trip, and the Fort Wayne International Airport has nonstop flights to about a dozen destinations. Indianapolis, the state capital, is 76 miles away.

Wayne Epps Jr.
Written By
Wayne Epps Jr.

Interested in learning more about homes in this area? Reach out to Alex Rittenhouse, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Fairmount Housing Trends

Housing Trends

Median List Price
$299,000
Median Sale Price
$305,000
Median Single Family Sale Price
$305,000
Median Change From 1st List Price
-2%
Last 12 months Home Sales
3
Median Home Sale Price YoY Change
61%
Average Price Per Sq Ft
$109

Neighborhood Facts

Number of Homes in Neighborhood
945
Number of Homes for Sale
1
Median Year Built
1948
Months of Supply
4.00
Average Single Family Home Size Sq Ft
1,583
Below the national average
1,924
Average Townhouse Size Sq Ft
1,972
Median Lot Size Sq Ft
8,712

Open Houses

  • County Road 950th S, Fairmount, IN 46928

    $77,480

    • County Road 950th S
    • New 6 days ago

    General InformationTotal Acres 5.20 Tillable Acres 5.160 Other Acres 0.040Other Acres Notes Road & WasteFarm Name Jim & Sherry JustusHLS Number LAP - 13129Asking Price $77,480.00Key Features Productive Cropland, Potential Building SiteLocation Fairmount Township, Grant County, IN Property InformationType of Operation

    Pat Karst

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  • 707 S Main St, Fairmount, IN 46928

    $199,900

    • 5 Beds
    • 3 Baths
    • 1,936 Sq Ft
    • 707 S Main St
    • New 3 days ago

    Welcome home to this charming 5-bedroom, 3-bath residence offering 1,936 square feet of comfortable living space. Featuring beautiful hardwood floors and an open stairway, this home blends timeless character with modern convenience. You'll love the layout with three bedrooms on the main floor, perfect for flexible living or multi-generational needs. The eat-in kitchen includes all appliances and

    Shannon Decker Young House Hunters Real Estate LLC

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  • 918 N Elm St, Fairmount, IN 46928

    $264,900

    • 5 Beds
    • 2 Baths
    • 1,922 Sq Ft
    • 918 N Elm St
    • New 24 days ago

    A Rare Find in Fairmount! Fabulous Floor Plan on this 5 Bedroom, 2 Full Bath single level home with so many recent updates! Multiple Lots! 2 Huge Parcels nearing 3/4 of an acre with lots of green space. Soaring Vaulted Ceilings span the main living & dining space with a wood burning fireplace that separates the areas. Kitchen features all appliances that remain & breakfast bar. Split Floor Plan.

    Joe Schroder RE/MAX Realty One

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Fairmount Has More Owners

Demographics

Total Population
2,704
Median Age
45
Population under 18
23.8%
On par with the national average
23.8%
Population over 65
24.2%
Above the national average
19.1%

Finances

Median Household Income
$47,222
Significantly below the national average
$71,702
Average Household Income
$58,042

Education and Workforce

High School Graduates
85.6%
College Graduates
13.6%
Below the national average
34.1%
Advanced Degrees
4.6%
Below the national average
13.3%
% Population in Labor Force
59.3%

Area Factors

Somewhat Bikeable

Bike Score®®

40 / 100

Somewhat Walkable

Walk Score®®

51 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Fairmount
Alex Rittenhouse
Moving Real Estate
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