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Real Estate Prices & Overview

Fairmont median real estate price is $833,118, which is more expensive than 89.9% of the neighborhoods in Oregon and 86.3% of the neighborhoods in the U.S.

The average rental price in Fairmont is currently $1,996, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.3% of Oregon neighborhoods.

Fairmont is a suburban neighborhood (based on population density) located in Eugene, Oregon.

Fairmont real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Fairmont neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Fairmont are 4.2%, which is lower than one will find in 72.0% of American neighborhoods. Demand for real estate in Fairmont is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Eugene, the Fairmont neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the really interesting characteristics about the Fairmont neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.4% of college-friendly places to live in the state of Oregon. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives.

In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 53.2% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.5% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 8.4% of residents in the Fairmont neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.4% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Also, more people in Fairmont choose to walk to work each day (20.5%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Diversity

Did you know that the Fairmont neighborhood has more Armenian and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Armenian ancestry and 6.1% have Scottish ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Fairmont neighborhood in Eugene are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.2% of the neighborhoods in America. In addition, 6.6% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 59.7% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Fairmont neighborhood, 64.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.4%), and 4.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Fairmont neighborhood is English, spoken by 86.3% of households. Some people also speak Spanish (3.9%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Fairmont neighborhood in Eugene, OR, residents most commonly identify their ethnicity or ancestry as English (19.2%). There are also a number of people of German ancestry (16.1%), and residents who report Irish roots (11.9%), and some of the residents are also of Scottish ancestry (6.1%), along with some Italian ancestry residents (5.7%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Fairmont neighborhood spend under 15 minutes commuting one-way to work (45.8% of working residents), one of the shortest commutes across America.

Here most residents (48.8%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (20.5%) and 8.4% of residents also bicycle for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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