Fairmount, MD Profile: Facts & Data

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Fairmount, Maryland - Basic Facts

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.

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

Alternate Unofficial Names for Fairmount: Lower Fairmount.

Jump to... (On This Page!)
  1. Fairmount 2019 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 - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Fairmount, MD Data & Demographics (As of July 1, 2019)

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.

WEALTH INDEX

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.

See our:

  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 513
Population in Households 513
Population in Familes 396
Population in Group Qrtrs 0
Population Density 42
Diversity Index1 44
 

INCOME

Median Household Income $61,558
Average Household Income $78,164
Per Capita Income $32,902
Wealth Index3 95

HOUSING

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
 

HOUSEHOLDS

Total Households 208
Average Household Size 2.47
Family Households 130
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.26% 0.81%
Households 1.39% 0.85%
Families 1.05% 0.76%
Median Household Income   1.87%
Per Capita Income   2.42%

Fairmount, MD - Peer Comparisons by Rank and Percentile

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.

Variable Description Rank Percentile
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.

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Maryland Census Data Comparison Tool

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