Fairland, MD Real Estate
According to census data in the year 2000 there were 8,922 housing units in Fairland.
This represents a 5.3% growth from 8,473 in 1990.
Of those housing units, 8,922 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Fairland is about 47.4%.
Fairland's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Fairland were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.40% |
| One Bedroom | 22.50% |
| Two Bedrooms | 29.90% |
| Three Bedrooms | 26.10% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $155,600 |
| Median Price asked for vacant units | $142,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $851 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 10.10% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 70.30% |
| Debt Free | 10.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
