Fairmount, MD Profile: Facts & Data

Advertisement

Fairmount Local Links & Resources:
Resources | ALL Fairmount Content
Planning to visit Fairmount? See Local Hotels

Also See Westover, MD: ZIP Codes & Maps

Fairmount, Maryland - Basic Facts

The Fairmount CDP(1) had a population of 436 as of July 1, 2023. Fairmount ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Maryland. See peer rankings below.

The primary coordinate point for Fairmount is located at latitude 38.0904 and longitude -75.8174 in Somerset County. The formal boundaries for the Fairmount Census Designated Place encompass a land area of 12.26 sq. miles and a water area of 4.86 sq. miles. Somerset County is in the Eastern time zone (GMT -5).

The Fairmount Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Fairmount Census Designated Place is located within District 6, Fairmount, a minor civil division (MCD) of Somerset County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Fairmount 2023 Demographic Data
  2. Growth Rates for Fairmount (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Maryland Research Tools (Easy Tools & Current Data)
  3. Maryland Data Comparison Tool - 2023 Demographics
Advertisement

Fairmount, MD Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 436 (100%)
Population in Households 436 (100.0%)
Population in Families 348 (79.8%)
Population in Group Quarters1 0
Population Density 36
Diversity Index2 45
 
 

INCOME

Median Household Income $61,912
Average Household Income $74,572
% of Income for Mortgage4 25%
Per Capita Income $32,668
Wealth Index5 59
Socioeconomic Status Index6 Moderate (54.2)
 

HOUSING

Total HU (Housing Units) 250 (100%)
Owner Occupied HU 158 (63.2%)
Renter Occupied HU 33 (13.2%)
Vacant Housing Units 59 (23.6%)
Median Home Value $260,417
Average Home Value $384,177
Housing Affordability Index3 97
 

HOUSEHOLDS

Total Households 191
Average Household Size 2.28
Family Households 119
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 2.06% 0.14%
Households -0.48% 0.10%
Families   0.33%
Median Household Income   2.36%
Per Capita Income   1.34%
Owner Occupied HU   -0.38%

Fairmount, MD - Peer Comparisons by Rank and Percentile

The table below compares Fairmount to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 396 26th
Population Density # 533 1st
Median Household Income # 438 18th
Housing Affordability Index # 305 57th
Per Capita Income # 438 18th
Diversity Index # 279 48th

Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.

Fairmount, MD - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Maryland Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2023, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Maryland Census Data Comparison Tool

Compare Maryland July 1, 2023 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement