Fairland, Maryland Housing Market Prices
Fairland Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% below the Maryland median$225,000
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Median rent 11% above the Maryland median$1,886
Housing Market Overview
| Metric | Fairland | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $267,101 | $248,835 |
| Price Trend (Annual %) | -6.8% | 3.4% | 7.5% |
| Median Gross Rent | $1,886 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fairland is about 16% lower than in Maryland. Rent is about 11% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Fairland: home prices fell about 6.8% a year while rent rose about 2.4% a year. That is an unusual pattern worth watching.
Median rent in Fairland rose about 23.5% between 2015 and 2024, from $1,527 to $1,886. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Fairland.
Buying the median-priced home in Fairland costs roughly 9.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fairland. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Fairland | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $267,101 | $248,835 |
| Median Household Income | $97,322 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fairland fell about 53.4%, while median household income rose about 33.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fairland | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.2% | 62.4% | 58.5% |
| Rental Rate | 53.5% | 29.9% | 31.2% |
| Vacancy Rate | 3.3% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Fairland has a homeownership rate of 43.2%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 3.3%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Fairland | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1985 | 1977 | 1978 |
| Median Number of Rooms | 5.2 | 6.2 | 5.5 |
The typical housing unit in Fairland was built around 1985. On average, 2.7 people live in a home with about 5.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fairland, Maryland.
What is the median home price in Fairland, Maryland?
The median home price in Fairland, Maryland is $225,000, lower than the Maryland average of $267,101.
What is the average home price in Fairland, Maryland?
The typical home price in Fairland, Maryland, reported as the median sale price, is $225,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Fairland, Maryland?
The median gross rent in Fairland, Maryland is $1,886 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Fairland in 2020?
In 2020, the median gross rent in Fairland, Maryland was $1,708 per month.
What is the price-to-rent ratio in Fairland, Maryland?
The price-to-rent ratio in Fairland, Maryland is about 9.9, meaning it would take roughly 9.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fairland.
Are home prices or rent rising faster in Fairland, Maryland?
Home prices and rent are moving in opposite directions in Fairland: home prices fell about 6.8% a year while rent rose about 2.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Fairland, Maryland?
43.2% of households in Fairland, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Fairland, Maryland?
The housing vacancy rate in Fairland, Maryland is 3.3%, lower than the Maryland average of 7.7%.
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