Fairwood, MD
Population 8,108 · Maryland
About Fairwood, MD
Fairwood is a small community in Maryland with a population of 8,108 residents. The median household income is $191,319 per year, which is above the national average. The median age in Fairwood is 40.7 years.
Housing in Fairwood has a median home value of $695,300 and median monthly rent of $3,501. Of the 2,605 total housing units, the majority are owner-occupied, with 2,359 owner-occupied and 218 renter-occupied units.
The unemployment rate in Fairwood is 1.4% and the poverty rate is 3.3%. 72.4% of residents hold a bachelor's degree or higher. The average commute time is 39.2 minutes.
How Fairwood Ranks in Maryland
Cost of Living in Fairwood, MD
Compared to national averages, Fairwood has a median household income of $191,319 (155% above the national median of $75,149). Home values average $695,300, which is 184% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Maryland, Fairwood's income is 77% above the state average of $107,956, and home values are 73% above the state median of $402,447.
Why Live in Fairwood, MD?
Fairwood offers a strong local economy with a median household income of $191,319, well above the national average, and a strong job market with an unemployment rate of just 1.4%, and a well-educated community where 72.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $695,300. However, Fairwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairwood has a population of 8,108 with a median age of 40.7 years. Compare Fairwood with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Fairwood
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Kensington | 8,057 | $193,793 | $905,000 | Compare |
| Brunswick | 7,994 | $115,972 | $348,500 | Compare |
| Mount Rainier | 8,235 | $68,281 | $522,100 | Compare |
| Savage | 8,284 | $117,353 | $405,600 | Compare |
| Edgewater | 8,297 | $111,000 | $428,500 | Compare |
| Mayo | 8,322 | $146,206 | $583,300 | Compare |
| Robinwood | 7,822 | $81,406 | $324,600 | Compare |
| Four Corners | 7,785 | $200,110 | $606,100 | 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 Fairwood
What is the population of Fairwood, MD?
The population of Fairwood, MD is 8,108 according to the latest Census data.
What is the median household income in Fairwood?
The median household income in Fairwood, MD is $191,319 per year.
What is the median home value in Fairwood?
The median home value in Fairwood, MD is $695,300.
What is the average rent in Fairwood?
The median monthly rent in Fairwood, MD is $3,501.
What is the unemployment rate in Fairwood?
The unemployment rate in Fairwood, MD is 1.4%.