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These days, finding an affordable place to live in the Fairmount area can be challenging. Home prices in Fairmount are now at a median cost of $139,000, lower than the Maryland average of $450,578.
The average cost of rent is $980/mo in Fairmount, primarily driven by the current value of real estate in the Fairmount area. In Fairmount, 15.83% of households rent, and 69.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairmount is $4,188 per month. Households that rent pay about 23.40% of their income on rent here. Fairmount’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Upper Fairmount, MD: equally priced homes
- Upper Hill, MD: higher priced homes
- Rumbley, MD: equally priced homes
- Manokin, MD: equally priced homes
- Marion Station, MD: higher priced homes
- Westover, MD: higher priced homes
- Monie, MD: higher priced homes
- Princess Anne, MD: higher priced homes
- Deal Island, MD: higher priced homes
- Mount Vernon, MD: higher priced homes
Cities with Similar Populations
- Capulin, NM: higher priced homes
- West Martinsburg, NY: higher priced homes
- West Lancaster, OH: higher priced homes
- West Hampton Dunes, NY: higher priced homes
- West End, WV: less expensive homes
- West Colesville, NY: equally priced homes
- Wesley, NY: less expensive homes
- Werner, ND: higher priced homes
- Welge, IL: higher priced homes
- Vistula, TX: higher priced homes
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