Located on the southern tip of downtown Salem Oregon, the Fairmount neighborhood is a wonderful option for buyer looking for historic homes. Located between Owens and Rural streets to the North and South, and River Rd and Commercial St to the East and West, this neighborhood has some diverse architecture located within the boundaries. It is also the location of the Governor’s Mansion.
The Fairmount Neighborhood is currently submitting an application for consideration for the National Historic District. If you are looking to purchase a home here in the future, it may be in a designated Historic District. There are special rules that apply to living in a Historic District.
Fairmount neighborhood is currently located in McKinley, Leslie, and South Salem High school districts. If schools are important to you, remember that boundaries are subject to change from year to year so verify schools.
WVMLS Market Data:
- Approximately 12 homes sold last year (2008) in the Fairmount Hills neighborhood.
- The average sold price was $355,825. This was a 26.2% increase over 2007.
- Sold prices ranged from $205,700-$650,000.
- Homes averaged 97 DOM. Listings historically average 96 DOM in this area.