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Fairwood, Maryland

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
7,526
Population
$181,458
Median Income
$713,700
Home Value
40.6
Median Age

Demographics

Fairwood has a population of 7,526 with a median age of 40.6. Here is the racial and ethnic breakdown of the population:

Black
78.5%
White
7.1%
Other
6.5%
Asian
6.4%
Hispanic
1.5%
Demographic Value
Total Population7,526
Median Age40.6
White7.1%
Black or African American78.5%
Asian6.4%
Hispanic or Latino1.5%
Other / Two or More Races6.5%
Fairwood, Maryland — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.Black: 78.5%White: 7.1%Other: 6.5%Asian: 6.4%Other: 1.5%7,526PopulationBlackBlack78.5%WhiteWhite7.1%OtherOther6.5%AsianAsian6.4%OtherOther1.5%

Income & Economy

The median household income in Fairwood is $181,458, which is 125.1% above the national median of $80,610. The per capita income is $74,381. The poverty rate is 6.5%.

$181,458
Median Household Income
$74,381
Per Capita Income
6.5%
Poverty Rate

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Education

In Fairwood, 97.4% of residents age 25+ have a high school diploma or higher, and 71.7% hold a bachelor's degree or higher (43.0% with a graduate or professional degree).

HS Diploma+
97.4%
Bachelor's+
71.7%
Graduate+
43.0%
Education Level % of Adults (25+)
High School Diploma or Higher97.4%
Bachelor's Degree or Higher71.7%
Graduate or Professional Degree43.0%

Housing

The median home value in Fairwood is $713,700, above the national median of $303,400. The median monthly rent is $3,435. The homeownership rate is 91.5%.

$713,700
Median Home Value
$3,435/mo
Median Rent
91.5%
Homeownership Rate
Housing Metric Value
Median Home Value$713,700
Median Monthly Rent$3,435
Homeownership Rate91.5%

Salaries in Maryland

Explore salary data for popular occupations in Maryland:

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Other Cities in Maryland

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Frequently Asked Questions

What is the population of Fairwood, Maryland?
The population of Fairwood, Maryland is 7,526 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Fairwood, Maryland?
The median household income in Fairwood, Maryland is $181,458. This is 125.1% above the national median of $80,610.
What is the median home value in Fairwood, Maryland?
The median home value in Fairwood, Maryland is $713,700. The median monthly rent is $3,435.
What percentage of people in Fairwood have a college degree?
In Fairwood, Maryland, 71.7% of adults age 25 and older hold a bachelor's degree or higher, and 97.4% have a high school diploma or higher.
Is Fairwood, Maryland an affordable place to live?
The home price-to-income ratio in Fairwood, Maryland is 3.9x (median home value $713,700 vs. median income $181,458), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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