Fairmount

Population: 2,575
Median household income: $45,163
Median home value: $96,700

Fairmount is a community in Grant County, Indiana, home to 2,575 residents. At $45,163, its median household income sits below Grant County's $54,007.

Between 2019 and 2023, Fairmount's population declined 7.1% from 2,773 to 2,575, while its median home value rose 14.7% from $84,300 to $96,700.

The typical home was built around 1950. 22.4% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 2,575
Median age: 35.1 yrs
Median household income: $45,163
Median home value: $96,700
Median gross rent: $827
Housing units: 1,125
Homeownership rate: 67.5%
Bachelor's degree or higher: 10.7%
Unemployment rate: 5.3%

Trends

ACS 5-year · 2019–2023

Population

2,7732,575

Median household income

$44,688$45,163

Median home value

$84,300$96,700

Median gross rent

$542$827

Year	Population	Median household income	Median home value	Median gross rent
2019	2,773	$44,688	$84,300	$542
2020	2,671	$41,439	$88,600	$704
2021	2,638	$39,665	$85,800	$763
2022	2,582	$48,235	$92,200	$718
2023	2,575	$45,163	$96,700	$827

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.3%

5 to 1722.3%

18 to 245.3%

25 to 3416.2%

35 to 4410.8%

45 to 547.3%

55 to 6413.9%

65 to 7412.5%

75 and over5.6%

	Count	Share
Under 5	161	6.3%
5 to 17	573	22.3%
18 to 24	136	5.3%
25 to 34	416	16.2%
35 to 44	279	10.8%
45 to 54	188	7.3%
55 to 64	357	13.9%
65 to 74	322	12.5%
75 and over	143	5.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,401	93.2%
Black or African American	11	0.4%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	121	4.7%
Hispanic or Latino (any race)	42	1.6%

Educational attainment (age 25+)

No high school diploma10.0%

High school graduate50.9%

Some college or associate's28.4%

Bachelor's degree7.4%

Graduate or professional degree3.3%

	Count	Share
No high school diploma	171	10.0%
High school graduate	867	50.9%
Some college or associate's	484	28.4%
Bachelor's degree	127	7.4%
Graduate or professional degree	56	3.3%

Commute to work

Mean travel time to work: 24 min

Drove alone83.9%

Carpooled5.5%

Public transit1.5%

Walked8.3%

Bicycle0.0%

Worked from home0.0%

Other means0.8%

How workers get to work

	Count	Share
Drove alone	833	83.9%
Carpooled	55	5.5%
Public transit	15	1.5%
Walked	82	8.3%
Bicycle	0	0.0%
Worked from home	0	0.0%
Other means	8	0.8%

Travel time

	Count	Share
Under 15 min	234	23.6%
15 to 29 min	499	50.3%
30 to 44 min	120	12.1%
45 to 59 min	67	6.7%
60+ min	73	7.4%

Households

Average household size: 2.46
Poverty rate: 22.4% (578 of 2,575)

	Count	Share
Family households	650	62.1%
Nonfamily households	397	37.9%

Housing

Median year structure built: 1950

Occupancy

	Count	Share
Occupied	1,047	93.1%
Vacant	78	6.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	707	67.5%
Renter-occupied	340	32.5%

1-unit, detached87.7%

1-unit, attached0.9%

2 to 4 units7.1%

5 to 19 units0.4%

20 or more units0.0%

Mobile home & other3.8%

Units in structure

	Count	Share
1-unit, detached	987	87.7%
1-unit, attached	10	0.9%
2 to 4 units	80	7.1%
5 to 19 units	5	0.4%
20 or more units	0	0.0%
Mobile home & other	43	3.8%

Geography

Place GEOID: 1822432
Type (LSAD): 43
Land area: 1.59 sq mi
Water area: 0 sq mi
Center point: 40.4173, -85.6477