Median home value in zip code 56031 (Fairmont, MN) is $192,524, up 4.3% year over year. Part of the Fairmont, MN metropolitan area.

Home Value$192,524

YoY Change

+4.3%

Prices rising — worse for buyers.

Affordability

Enter your income for 56031 (Fairmont).

Income (annual)

Down Payment

$38,505 on $192,524

Example: $75,000 household income. Change it above to see your own.

Affordable20.8% of income

Under the 28% guideline.

PITI$1,303

P/I20.8%

Afford$259K

Room+$66K

P&I $974Tax $180Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

56031 is part of the Fairmont, MN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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