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Fairmont town, NC

ZIP 28340 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28340

Median Home Value
$81,900
Median Rent
$454
Affordability Snapshot
$23,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$526/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 28340 in Fairmont town, NC, a household would need roughly $23,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $526. That sits below the local median household income ($38,188), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
64.3%-2% vs US avg
x
Vacancy Rate
12.9%+26% vs US avg
x
Broadband Access
66.5%-24% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
11.3%-77% vs US avg
x
Mortgage-Free
68.9%+80% vs US avg
x
$81,900
Home Value
$454
Rent
1979
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached53.0%
  • 1-unit attached0.5%
  • 2-9 units7.0%
  • 10+ units2.6%
  • Mobile home & other36.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$81,900
Median rent$454
Owner-occupied64.3%
Vacant12.9%
Price-to-income2.1x
Est. income to buy$23,000