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New Construction Homes in Fairmount, IN

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    $50,000 Lot/Land

    407 S Penn St, Fairmount, IN 46928

    Investor and builder opportunity in Fairmount! This sale includes two adjoining parcels sold together for one price. The first lot, 134'x127'x273', features an existing home that is best suited for removal, allowing a fresh start for new construction or redevelopment. The second lot, 108'x132', is a cleared, build-ready space—ideal for expansion, additional builds, or creative projects. With both

    Paul Wyman The Wyman Group

    407 S Penn St, Fairmount, IN 46928
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    $15,000 Lot/Land

    1421 N Elm St, Fairmount, IN 46928

    • 0.29 Acre
    • $51,724 per Acre

    Building lot available in Fairmount! Spacious 100' x 125' lot offered at a great price. Endless possibilities for bu8ilding your dream home or investment property. Do not miss this opportunity - come see it today!

    Stacey Cannon Cannon Real Estate

    1421 N Elm St, Fairmount, IN 46928

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Fairmount, IN usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Fairmount, IN hold their value?
Yes, especially in fast-growing areas of Fairmount, IN. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Fairmount, IN

Housing Trends

Median Sale Price
$184,900
Median Single Family Sale Price
$178,150
Average Price Per Sq Ft
$96
Number of Homes for Sale
4
Last 12 months Home Sales
15
Months of Supply
3.20
Median List Price
$184,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
37%
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