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Fairmount, NS

Updated: Aug 2016
House
Median price $619,900
Monthly growth
Quarterly trend
Stock on market 0.00%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Fairmount Home Price

With a median listing price of $619,900, Fairmount is Canada’s 241th most expensive when ordered by median listing price.

When our research team crunched the numbers we calculated that Fairmount has a median home price of $619,900.

This month we track 173th neighbourhoods in Nova Scotia, and Fairmount has the 173th most choice available for real estate investors.

As one of Nova Scotia’s many potential real estate investment neighbourhoods, Fairmount needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Over the last three months in Fairmount, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

When we look at the data we have, it can help with trying to establish whether or not Fairmount is a good investment target.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Fairmount there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Demographics
  • Population in 2011390096
  • Population in 2006372679
  • 2006 to 2011 population change (%)4.7
  • Total private dwellings177160
  • Private dwellings occupied by usual residents165033
  • Population density per square kilometre71.1
  • Land area (square km)5490.28

Age Characteristics

Total population by age groups 390090
0 to 4 years 19965
5 to 9 years 19155
10 to 14 years 20485
15 to 19 years 23870
15 years 4490
16 years 4490
17 years 4535
18 years 4940
19 years 5415
20 to 24 years 31230
25 to 29 years 28400
30 to 34 years 25925
35 to 39 years 26490
40 to 44 years 27810
45 to 49 years 33100
50 to 54 years 31555
55 to 59 years 27185
60 to 64 years 23895
65 to 69 years 16785
70 to 74 years 11840
75 to 79 years 9125
80 to 84 years 6620
85 years and over 6650
Median age of the population 39.9
% of the population aged 15 and over 84.7

Marital Status

Total population 15 years and over by marital status 330490
Married or living with a common-law partner 185635
Married (and not separated) 151740
Living common-law 33895
Not married and not living with a common-law partner 144860
Single (never legally married) 99205
Separated 9355
Divorced 19480
Widowed 16815

Family Characteristics

Total number of census families in private households 109690
Size of census family: 2 persons 58340
Size of census family: 3 persons 24805
Size of census family: 4 persons 19680
Size of census family: 5 or more persons 6855
Total number of census families in private households 109690
Total couple families by family structure and number of children 91345
Married couples 74420
Without children at home 35410
With children at home 39015
1 child 16530
2 children 16645
3 or more children 5835
Common-law couples 16920
Without children at home 11370
With children at home 5545
1 child 3090
2 children 1780
3 or more children 675
Total lone-parent families by sex of parent and number of children 18345
Female parent 14975
1 child 9275
2 children 4295
3 or more children 1405
Male parent 3370
1 child 2290
2 children 885
3 or more children 195
Total children in census families in private households 104965
Under six years of age 23675
6 to 14 years 35535
15 to 17 years 13095
18 to 24 years 21780
25 years and over 10870
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 384305
Number of persons not in census families 78305
Living with relatives 7725
Living with non-relatives only 23440
Living alone 47145
Number of census family persons 305995
Average number of persons per census family 2.8
Total number of persons 65 years and over in private households 47625
Number of persons not in census families aged 65 years and over 16285
Living with relatives 2225
Living with non-relatives only 920
Living alone 13140
Number of census family persons aged 65 years and over 31340
Total number of private households by household type 165035
Census-family households 107400
One-family-only households 99030
Couple-family households 84525
Without children 43085
With children 41435
Lone-parent-family households 14510
Other family households 8370
One-family households with persons not in a census family 6135
Couple-family households 3845
Without children 1880
With children 1965
Lone-parent-family households 2285
Two-or-more-family households 2240
Non-census-family households 57635
One-person households 47145
Two-or-more-person households 10490
Total number of occupied private dwellings by structural type of dwelling 165030
Single-detached house 84265
Apartment, building that has five or more storeys 17605
Movable dwelling 3915
Other dwelling 59245
Semi-detached house 11290
Row house 6165
Apartment, duplex 6200
Apartment, building that has fewer than five storeys 35330
Other single-attached house 260
Total number of private households by household size 165035
1 person 47140
2 persons 60235
3 persons 26980
4 persons 21220
5 persons 6830
6 or more persons 2625
Number of persons in private households 384310
Average number of persons in private households 2.3

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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