ZIP Code 56031

Fairmont, MN — income, home value, property tax, and sales tax.

Median household income
$54,847
Per-capita income
$39,004
Median home value
$163,500
Property tax rate
1.02%
Combined sales tax
7.88%

ZIP code 56031, centered on Fairmont, sits in middle-income territory. Households earn a median of $54,847, while per-capita income reaches $39,004. Homes here are valued at a median of $179,300, and the county-level property tax rate of 1.02% means owners pay roughly $1,829 annually per $179,300 of value. Sales tax across the area totals 7.88%, adding to everyday purchase costs. Together these figures describe a working- to middle-income community where housing costs stay within reach of local wages, though the combined tax load on property and purchases still shapes household budgets.

See how Fairmont, MN taxes stack up

These numbers change over time. Get an update when they do — plus our recommendations.

No spam. Unsubscribe any time.