Fairmont, MN Micro Area: Homeownership Rate Trend
How Fairmont, MN Micro Area's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
74.6%
2023
72.4%
Total change
-2.2 pp
% change
-2.9%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 74.6% | — |
| 2019 | 73.8% | -0.8 pp (-1.1%) |
| 2020 | 73.5% | -0.3 pp (-0.4%) |
| 2021 | 74.3% | +0.8 pp (1.1%) |
| 2022 | 72.6% | -1.7 pp (-2.3%) |
| 2023 | 72.4% | -0.2 pp (-0.3%) |