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Real Estate Prices & Overview

Fairmount median real estate price is $256,469, which is less expensive than 71.1% of Maine neighborhoods and 68.0% of all U.S. neighborhoods.

The average rental price in Fairmount is currently $1,406, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.7% of Maine neighborhoods.

Fairmount is a rural neighborhood (based on population density) located in Bangor, Maine.

Fairmount real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Fairmount neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Fairmount are 5.0%, which is lower than one will find in 66.6% of American neighborhoods. Demand for real estate in Fairmount is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Bangor, the Fairmount neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Fairmount neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, the first thing that you'll notice if you moved to this neighborhood is that an astounding 3.6% of the households are same sex couples. According to NeighborhoodScout's analysis, this is a higher proportion of same sex households than in 99.5% of the neighborhoods in America. This is one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the Fairmount neighborhood should definitely be on your list of places to consider.

Also, the Fairmount neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 91.3% of Maine neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Fairmount neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 65.1% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 58.9% of the residential real estate in the Fairmount neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.2% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Fairmount neighborhood has more French and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.4% of this neighborhood's residents have French ancestry and 2.9% have Welsh ancestry.

Fairmount is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Fairmount neighborhood in Bangor are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.5% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Fairmount neighborhood, 58.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.9%), and 6.9% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Fairmount neighborhood is English, spoken by 97.4% of households. Other important languages spoken here include Italian, Polish and Greek.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Fairmount neighborhood in Bangor, ME, residents most commonly identify their ethnicity or ancestry as English (22.9%). There are also a number of people of French ancestry (17.4%), and residents who report Irish roots (16.4%), and some of the residents are also of Italian ancestry (12.3%), along with some German ancestry residents (8.5%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Fairmount neighborhood spend under 15 minutes commuting one-way to work (65.1% of working residents), one of the shortest commutes across America.

Here most residents (72.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (11.7%) and 5.3% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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