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Real Estate Prices & Overview

Fairmount median real estate price is $91,378, which is less expensive than 93.2% of Missouri neighborhoods and 96.1% of all U.S. neighborhoods.

The average rental price in Fairmount is currently $1,677, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.5% of the neighborhoods in Missouri.

Fairmount is a suburban neighborhood (based on population density) located in Independence, Missouri.

Fairmount real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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.

Home and apartment vacancy rates are 8.7% in Fairmount. NeighborhoodScout analysis shows that this rate is lower than 44.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Fairmount has the amazing distinction of housing more same sex couples living together than 97.8% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

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 59.5% 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 96.4% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

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 Independence are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.2% of U.S. neighborhoods. With 14.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.7% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Fairmount neighborhood, 38.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 23.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.4%), and 18.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Fairmount neighborhood is English, spoken by 78.2% of households. Some people also speak Spanish (21.8%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Fairmount neighborhood in Independence, MO, residents most commonly identify their ethnicity or ancestry as Mexican (28.7%). There are also a number of people of German ancestry (9.9%), and residents who report Irish roots (7.7%), and some of the residents are also of French ancestry (4.5%), along with some English ancestry residents (3.8%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Fairmount neighborhood spend between 15 and 30 minutes commuting one-way to work (55.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.5%) 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 (11.6%) . 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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