Living in Fairwood, Maryland
Cost of living, income, home prices, rent and demographics of Fairwood · Census data 2020–2024
Fairwood has 7,526 residents with a median age of 40.6. The median household income is $181,458 (75% higher than the Maryland median), the median home value is $713,700, the median rent is $3,435/month.
Fairwood at a glance
- Population
- 7,526
- Median age
- 40.6State: 39.4
- Median household income
- $181,458State: $103,678
- Median home value
- $713,700State: $419,900
- Median rent
- $3,435/moState: $1,705
- Homeowners
- 91.5%
- Bachelor's degree or higher
- 71.7%
- Average commute
- 39 min
Is Fairwood a good place to live?
Pros: Median household income 75% higher than the Maryland median; unemployment of 1.2%; a poverty rate of 6.5%.
Cons: Home values 70% higher than the state median; an average commute of 39 minutes.
The weather is best in May–June and September–October.
Cost of living in Fairwood
Housing is the biggest part of the cost of living. In Fairwood the median home value is $713,700, 115% higher than the U.S. median. Renters pay a median of $3,435 per month, which is 34.9% of household income. Homeowners with a mortgage pay $3,689 a month in housing costs.
Fairwood median household income
The median household income in Fairwood is $181,458 and the income per person is $74,381. 6.5% of residents live below the poverty line (Maryland: 9.4%).
Housing in Fairwood: homes for sale and rent
- Housing units
- 2,497
- Owner-occupied
- 91.5%
- Renter-occupied
- 8.5%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 2008
- Average household size
- 3.01
Fairwood demographics
- Population
- 7,526
- Median age
- 40.6
- Under 18
- 27.7%
- 65 and older
- 11.1%
- Households
- 2,497
- Foreign-born
- 22.4%
- Veterans
- 11.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairwood ›
Education in Fairwood
71.7% of adults 25 and older in Fairwood have a bachelor's degree or higher (Maryland: 43.4%), and 43% have a graduate or professional degree.
Jobs and commute in Fairwood
- Unemployment rate
- 1.2%State: 4.9%
- Average commute
- 39 minState: 31 min
- Work from home
- 34.8%
- Drive alone
- 54.7%
- Public transit
- 5.1%
- Walk to work
- 0.2%
- Homes with broadband
- 100%
Fairwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairwood | 7,526 | $181,458 | $713,700 | $3,435 |
| Bowie | 57,926 | $141,995 | $459,300 | $2,330 |
| Mitchellville | 11,359 | $149,347 | $512,100 | $2,453 |
| Woodmore | 4,613 | $184,286 | $604,600 | $3,501 |
| Glenn Dale | 13,772 | $134,333 | $542,000 | $1,698 |
| Lanham | 11,433 | $103,556 | $436,900 | $2,050 |
| Springdale | 5,226 | $162,171 | $474,200 | — |
| Lake Arbor | 14,335 | $121,211 | $460,600 | $2,431 |
| Seabrook | 18,317 | $98,157 | $412,100 | $1,840 |
More for people moving to Fairwood
Fairwood ZIP code ›Weather and climate ›Living in Fairwood: FAQ
What is the median household income in Fairwood, MD?
The median household income in Fairwood is $181,458, 75% higher than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fairwood?
The median home value in Fairwood is $713,700, compared with $419,900 in Maryland.
How much is rent in Fairwood?
The median gross rent in Fairwood is $3,435 per month, about 34.9% of household income.
Is Fairwood, MD a good place to live?
Pluses: median household income 75% higher than the Maryland median; unemployment of 1.2%; a poverty rate of 6.5%. Minuses: home values 70% higher than the state median; an average commute of 39 minutes.
What is the median age in Fairwood?
The median age in Fairwood is 40.6 years (Maryland: 39.4).
How long is the commute in Fairwood?
The average commute to work in Fairwood is 39 minutes; 34.8% of workers work from home.
What is the unemployment rate in Fairwood?
The unemployment rate in Fairwood is 1.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairwood?
71.7% of adults in Fairwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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