Fairmount, MD
Population 357 · Maryland
About Fairmount, MD
Fairmount is a small community located in Maryland with a population of 357 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,708 per year, which is 6% below the national median of $75,149. The median age of 59.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fairmount features a median home value of $0, which is 100% below the national median of $244,900. This makes Fairmount one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 207 total housing units, 84% are owner-occupied (120 units) and 16% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairmount shows an unemployment rate of 7.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.5%, above the national average of 12.4%. Workers in Fairmount have an average one-way commute time of 27.8 minutes.
Education & Demographics
36.6% of Fairmount residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 7.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Fairmount, MD
Compared to national averages, Fairmount has a median household income of $70,708 (6% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Maryland, Fairmount's income is 35% below the state average of $107,956, and home values are 100% below the state median of $402,447.
Why Live in Fairmount, MD?
Fairmount offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a well-educated community where 36.6% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($70,708) that falls below the national average. However, Fairmount’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairmount has a population of 357 with a median age of 59.8 years. Compare Fairmount with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Fairmount
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Betterton | 358 | $74,375 | $219,000 | Compare |
| Franklin | 356 | $14,738 | $0 | Compare |
| Bryantown | 359 | $113,580 | $499,000 | Compare |
| Sudlersville | 361 | $52,750 | $235,000 | Compare |
| Leitersburg | 351 | $0 | $349,400 | Compare |
| Sabillasville | 350 | $68,182 | $267,100 | Compare |
| Darlington | 349 | $81,250 | $375,000 | Compare |
| Newark | 347 | $105,093 | $337,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fairmount
What is the population of Fairmount, MD?
The population of Fairmount, MD is 357 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Maryland.
What is the median household income in Fairmount?
The median household income in Fairmount, MD is $70,708 per year, which is 6% below the national median of $75,149.
What is the median home value in Fairmount?
The median home value in Fairmount, MD is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairmount?
The median monthly rent in Fairmount, MD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount, MD is 7.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fairmount, MD a good place to live?
Fairmount offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 357 and a median age of 59.8, the city appeals to established professionals and retirees.
How educated is Fairmount, MD?
36.6% of residents in Fairmount aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Fairmount?
Key cost-of-living indicators for Fairmount, MD: median home value is $0 (100% below national), median rent is $0/month, and median household income is $70,708. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairmount?
The poverty rate in Fairmount, MD is 16.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fairmount, MD?
Fairmount's population is 0.0% White, 7.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 8.4% two or more races. 0.0% of residents are foreign-born.