Fairwood, MD Profile: Facts & Data

The Fairwood Census Designated Place has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

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.

Fairwood, MD Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	6,931 (100%)
Population in Households	6,931 (100.0%)
Population in Families	6,234 (89.9%)
Population in Group Quarters¹	0
Population Density	2,030
Diversity Index²	54


INCOME
Median Household Income	$167,207
Average Household Income	$199,550
% of Income for Mortgage⁴	12%
Per Capita Income	$60,546
Wealth Index⁵	256

HOUSING
Total HU (Housing Units)	2,113 (100%)
Owner Occupied HU	2,017 (95.5%)
Renter Occupied HU	95 ( 4.5%)
Vacant Housing Units	1 ( 0.0%)
Median Home Value	$492,951
Average Home Value	$532,920
Housing Affordability Index³	203

HOUSEHOLDS
Total Households	2,112
Average Household Size	3.28
Family Households	1,736
Average Family Size	4

NOTES

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.
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.
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.
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).
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.

Fairwood, MD - Peer Comparisons by Rank and Percentile

The table below compares Fairwood to the other 518 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2021 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.

GROWTH RATE / YEAR	2010-2021	2021-2026
Population	3.27%	1.49%
Households	3.14%	1.42%
Families	3.07%	1.37%
Median Household Income		1.81%
Per Capita Income		2.1%
Owner Occupied HU		1.49%

Variable Description	Rank	Percentile
Total Population	# 166	68th
Population Density	# 187	64th
Median Household Income	# 25	95th
Housing Affordability Index	# 474	92nd
Per Capita Income	# 50	91st
Diversity Index	# 163	69th

Fairwood, MD Profile: Facts & Data

Fairwood, Maryland - Basic Facts

Fairwood, MD Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fairwood, MD - Peer Comparisons by Rank and Percentile

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