Commercial Real Estate Market in Fairmount, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 160 off-market properties in Fairmount, IN.
Market Trends
Fairmount, IN spans 71.8 square miles in Grant County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fairmount, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Fairmount, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fairmount, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Fairmount, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 80.3%
- Agricultural 10.2%
- Industrial 5.3%
- Commercial 4.3%
Largest Zones share of zoned land by district
Low Single Family Residential
Low Density Single And Multiple Family Residential
Agricultural
General Industry
Medium Density Single And Multiple Family Residential
Fairmount, IN zones 813 acres across 11 districts. Commercial zoning covers 4.3% of zoned land, residential 80.3% and industrial 5.3%. The largest single district is Low Single Family Residential at 39.2%. For commercial buyers the practical constraint is that only 9.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Fairmount, IN has 4,557 residents in 2,149 households. Density runs 63 people per square mile. Median household income here is $63,387 and median gross rent $805 a month.
4,557
Population
2,149
Households
2.1
Avg Household Size
47
Median Age
17%
College-Educated
93%
High-School Grad
71.8 sq mi
ZIP Area
63
Density / Sq Mi
$63,387
Median Household Income
$34,869
Median Earnings
$805
Median Rent
$119,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fowlerton | — | — |
| Jonesboro | — | — |
| Summitville | — | — |
| Gas City | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Fairmount?
Fairmount, IN zones 813 acres across 11 districts, of which 4.3% is commercial and 5.3% industrial. The largest single district is Low Single Family Residential at 39.2% of zoned land. Residential zoning covers 80.3% and open space 0%.
Where does Realmo's Fairmount market data come from?
Realmo compiles Fairmount, IN figures from 1 active sale listings, 160 tracked off-market properties, the current Fairmount zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Fairmount, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 813 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
