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Fairmount, MD Real Estate


According to census data in the year 2000 there were 290 housing units in Fairmount.

Of those housing units, none were located in either urbanized areas or urban clusters, and 290 were located in what is classified as a rural area.

Homeownership rate in Fairmount is about 88%. Fairmount's vacancy rate, including seasonal lodging, is about 19.7%. Average household size is 2.65 people.

The majority of houses, apartments or condos in Fairmount were built after 1974.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom10%
Two Bedrooms22.80%
Three Bedrooms51.40%
Four Bedrooms13.80%
Five Bedrooms or more2.10%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.84
Median year structure was built1975
Median Value of occupied units$61,500
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size1.21
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan4.50%
Simple Mortgage74.40%
Debt Free21.10%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs22.5%