The Fairmount Census Designated Place had a population of 513 as of July 1, 2019. 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 elevation is 3 feet.
The Fairmount Census Designated Place (GNIS ID: 2389064) 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.
Alternate Unofficial Names for Fairmount: Lower Fairmount.
HOUSING AFFORDABILITY INDEX
|Fairmount, MD Housing Affordability Index is 223
State of Maryland Housing Affordability Index is 118
|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.|
|Fairmount, MD Wealth Index is 95
State of Maryland Wealth Index is 141
|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.|
These new demographic attributes are availiable for cities, Counties / Independent Cities, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Maryland address.
|Population in Households||513|
|Population in Familes||396|
|Population in Group Qrtrs||0|
|Median Household Income||$61,558|
|Average Household Income||$78,164|
|Per Capita Income||$32,902|
|Total Housing Units||304 (100%)|
|Owner Occupied HU||163 (53.6%)|
|Renter Occupied HU||45 (14.8%)|
|Vacant Housing Units||96 (31.6%)|
|Median Home Value||$138,830|
|Housing Affordability Index2||223|
|Average Household Size||2.47|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.87%|
|Per Capita Income||2.42%|
The table below compares Fairmount to the other 518 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2019 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.
|Total Population||# 370||29th|
|Population Density||# 515||1st|
|Diversity Index||# 213||59th|
|Median Household Income||# 351||33rd|
|Per Capita Income||# 321||38th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.