Why Live in Fairmont
Fairmont is a small, unincorporated community in Lockport, located 40 miles southwest of downtown Chicago along the Des Plaines River. The neighborhood features modest single-family homes, including brick American foursquares, cozy bungalows, ranch-style homes, and Cape Cods, typically situated on quarter-acre lots. Fairmont offers more affordable housing options compared to nearby Lockport and Joliet, with prices ranging from fixer-uppers to renovated four-bedroom homes. Local learners attend Fairmont School for prekindergarten through eighth grade, while older students go to the highly rated Lockport Township High School, known for its diverse extracurricular activities and college and career preparation courses. Residents can enjoy local dining options like Norma’s Café for brunch or Bella’s Place for a variety of meals and bakery treats. For groceries, Berkot’s Super Foods, Jewel-Osco, and Aldi are just 4 miles north. Recreational opportunities abound with playgrounds at the Fairmont Community Center and A. F. Hill Park, which also features sports facilities. Dellwood Park, bordering Fairmont to the north, offers volleyball, baseball, soccer, tennis, an 18-hole disc golf course, and a skate park, along with a scenic two-mile loop trail. The community center also hosts a food pantry every Thursday morning. Commuters can access downtown Chicago via the Metra station in downtown Lockport, with a one-hour train ride.
Frequently Asked Questions
Is Fairmont a good place to live?
Fairmont is a good place to live. Fairmont is considered car-dependent and somewhat bikeable. Fairmont is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Fairmont has 7 parks for recreational activities. It is sparse in population with 1.7 people per acre and a median age of 35. The average household income is $67,356 which is below the national average. College graduates make up 9.5% of residents. A majority of residents in Fairmont are home owners, with 32.4% of residents renting and 67.6% of residents owning their home. A
local real estate agent serving Fairmont can help you decide if this neighborhood is the right one for you. Learn more on our
Fairmont neighborhood guide.
Is Fairmont, IL a safe neighborhood?
Fairmont, IL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Fairmont?
The median home price in Fairmont is $339,950. If you put a 20% down payment of $68,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,760 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $75K a year to afford the median home price in Fairmont. The average household income in Fairmont is $67K.
What are the best public schools in Fairmont?
The best public schools that serve Fairmont are:
What are the best private schools in Fairmont?
The best private schools that serve Fairmont are:
What are the most popular zip codes in Fairmont, Lockport, IL?
What are the most popular neighborhoods near Fairmont, Lockport, IL?
Are home prices dropping in Fairmont?
Yes, home prices in Fairmont are down 36% in the last 12 months.
Home Trends in Fairmont, IL
On average, homes in Fairmont, Lockport sell after 10 days on the market compared to the national average of 70 days. The median sale price for homes in Fairmont, Lockport over the last 12 months is $335,000, down 38% from the median home sale price over the previous 12 months.
Median Sale Price
$335,000
Median Single Family Sale Price
$464,900
Median 1 Bedroom Sale Price
$425,000
Average Price Per Sq Ft
$374
Number of Homes for Sale
1
Last 12 months Home Sales
12
Median List Price
$339,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-38%