Fairwood, MD
Population 8,108 · Maryland
About Fairwood, MD
Fairwood is a small town located in Maryland with a population of 8,108 residents according to the latest US Census Bureau American Community Survey data. The median household income is $191,319 per year, which is 155% above the national median of $75,149. The median age of 40.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Fairwood features a median home value of $695,300, which is 184% above the national median of $244,900. This places Fairwood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 2,605 total housing units, 92% are owner-occupied (2,359 units) and 8% are renter-occupied (218 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairwood shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fairwood have an average one-way commute time of 39.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
72.4% of Fairwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.3% White, 0.3% Hispanic or Latino, 0.8% Black or African American, and 0.4% Asian residents, with 22.0% of the population being foreign-born.
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.
Compare Fairwood With Other Cities
Frequently Asked Questions about Fairwood
What is the population of Fairwood, MD?
The population of Fairwood, MD is 8,108 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Fairwood?
The median household income in Fairwood, MD is $191,319 per year, which is 155% above the national median of $75,149.
What is the median home value in Fairwood?
The median home value in Fairwood, MD is $695,300, which is 184% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairwood?
The median monthly rent in Fairwood, MD is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Fairwood?
The unemployment rate in Fairwood, MD is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fairwood, MD a good place to live?
Fairwood offers above-average incomes, a competitive housing market, and a strong job market. With a population of 8,108 and a median age of 40.7, the city appeals to a broad range of residents.
How educated is Fairwood, MD?
72.4% of residents in Fairwood 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 Fairwood?
Key cost-of-living indicators for Fairwood, MD: median home value is $695,300 (184% above national), median rent is $3,501/month, and median household income is $191,319. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Fairwood?
The poverty rate in Fairwood, MD is 3.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fairwood, MD?
Fairwood's population is 0.3% White, 0.3% Hispanic or Latino, 0.8% Black or African American, 0.4% Asian, and 81.1% two or more races. 22.0% of residents are foreign-born.