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What income do you need to buy in Fairmount?
About $182,000 a year to buy the typical Fairmount home, which sells for about $515,000.
- Typical sale price
- $515,000Median of 125 sales in the past 12 months
- Income needed
- $182,000A year, before taxes
- Cash needed up front
- $74,00010% down, transfer tax and closing costs
Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit). These are estimates, not a loan offer.
What it costs each month
| Principal and interest | $3,238 |
|---|---|
| Property tax | $563 |
| Insurance | $215 |
| Mortgage insurance | $193 |
| Total a month | $4,209 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
How prices have moved
Up 18.4% from the year before, comparing the median sale price of the last 12 months with the 12 months before.
| Quarter | Median sale price | Sales |
|---|---|---|
| Q1 2025 | $420,000 | 32 |
| Q2 2025 | $499,000 | 53 |
| Q3 2025 | $435,000 | 40 |
| Q4 2025 | $399,000 | 35 |
| Q1 2026 | $432,500 | 36 |
| Q2 2026 | $582,000 | 51 |
| Q3 2026 | $543,500 | 16 |
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
- Sharswood $280,000
- Brewerytown $250,000
- North Central $190,000
Pricier nearby
- Francisville $520,000
- Spring Garden $529,000
- West Poplar $694,000
Questions about buying in Fairmount
What income do you need to buy a home in Fairmount?
About $182,000 a year for the typical Fairmount price of $515,000, keeping the housing payment to 28% of gross income. Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit).
How much cash do you need to buy in Fairmount?
About $74,000 up front at the typical price: 10% down ($52,000), your share of the transfer tax ($11,788) and closing costs ($10,300).
What does a typical home in Fairmount cost per month?
A typical Fairmount home costs about $4,209 a month all in: principal and interest $3,238, property tax $563, insurance $215, mortgage insurance $193. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 125 sales, as of 2026-10-29. Mortgage rate 7.24% (Freddie Mac, week of 2026-10-29). Estimates only, not financial advice. Talk to a lender.