Fairmont, New Albany, IN
Fairmont — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Fairmont, New Albany, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Fairmont Neighborhood Overview
Fairmont is a residential neighborhood in New Albany, Indiana, offering a quiet, suburban atmosphere. Located with the ZIP code 47150, it provides residents with a sense of community and accessibility to the wider Louisville metropolitan area. The area is characterized by its affordable living and family-friendly environment.
Lifestyle & Amenities
Residents of Fairmont enjoy a lifestyle centered around local parks and neighborhood convenience. The area provides easy access to essential shopping and dining options in New Albany. Its proximity to major roads facilitates quick trips to downtown Louisville for additional entertainment and cultural activities.
Real Estate Market
The Fairmont real estate market is defined by its affordability and steady pace. The median home value is $178,000, with a price per square foot around $176.36, and homes typically sell after an average of 67 days on the market, reflecting a balanced environment for buyers and sellers.
Schools & Education
Families in Fairmont are served by the New Albany-Floyd County Consolidated School Corporation. The district is known for its commitment to academic programs and student development. Specific school assignments are based on precise location within the neighborhood.
Transportation & Connectivity
Fairmont is well-connected via major arteries like State Street and Interstate 64, providing straightforward commutes to New Albany's commercial centers and across the Ohio River to Louisville, Kentucky. The neighborhood's layout primarily caters to vehicular travel, with residential streets designed for low traffic flow.
Why Choose Fairmont
Fairmont is an ideal choice for homebuyers seeking an affordable entry into the New Albany market with a solid homeownership rate of 64%. It offers a practical blend of suburban tranquility and urban accessibility, supported by a median household income of $61,558. The neighborhood represents a value-driven community for families and first-time buyers.
Fairmont Market Data
| Metric | Value |
|---|---|
| Median Home Price | $178K |
| Median Gross Rent | $941/mo |
| Median Household Income | $62K |
| Homeownership Rate | 64.0% |
| Renter-Occupied | 36.0% |
| Rental Vacancy Rate | 9.4% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 47150 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Fairmont, New Albany
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Fairmont, New Albany, IN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14