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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 Type3.40%
One Bedroom22.50%
Two Bedrooms29.90%
Three Bedrooms26.10%
Four Bedrooms14%
Five Bedrooms or more4.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.77
Median year structure was built1985
Median Value of occupied units$155,600
Median Price asked for vacant units$142,300

Rented Homes, Apartments and Condos

Average Household Size2.23
Median year structure was built1983
Median Monthly Rent asked for vacant units$851

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage10.10%
Home Equity Loan8.70%
Simple Mortgage70.30%
Debt Free10.30%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.3%