56031
Fairmont, Minnesota.
Fairmont, Martin County, MN · Fairmont, MN metro · population 11,665
to buy the typical home at today's mortgage rate — +$542 (+109%) since Jan 2020.
- 1 year
- Up $2,894 +1%
- $195,152$198,046 since Sep 2025
- 5 years
- Up $36,837 +23%
- $161,210$198,046 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 56031$1,039
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in zip 56031 rose 1.5% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Fairmont, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 56031
Mid-tier homes, smoothed and seasonally adjusted.
- 56031$198,046
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 7.7 | 56039 | Granada | 880 | — | $348,749 |
| 8.4 | 56181 | Welcome | 1,280 | — | $225,952 |
| 9.2 | 56121 | Ceylon | 590 | — | $163,266 |
| 13.5 | 50531 | Dolliver | 325 | — | $170,453 |
| 14.1 | 56088 | Truman | 2,071 | — | $212,350 |
| 14.4 | 50514 | Armstrong | 1,117 | — | $167,642 |
| 14.9 | 56171 | Sherburn | 1,632 | — | $240,641 |
| 16.1 | 56127 | Dunnell | 474 | — | $341,838 |
| 17.0 | 50590 | Swea City | 718 | — | $103,571 |
| 17.1 | 56176 | Trimont | 888 | — | $218,734 |
| 17.6 | 56098 | Winnebago | 1,970 | — | $178,623 |
| 17.8 | 50556 | Ledyard | 159 | — | $150,381 |
| 18.0 | 56013 | Blue Earth | 4,535 | — | $179,730 |
| 18.1 | 56162 | Ormsby | 313 | — | $255,595 |
| 18.6 | 56027 | Elmore | 692 | — | $82,294 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.