States › Maryland › Fairwood

Is Fairwood, MD expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$3,614106% higher than U.S. average
💵 Families earn per year (2026)$195,702about $16,309/month · 125% higher than U.S. average
🔑 House price$713,700115% higher than U.S. average

Rent here is among the highest 10% in the country. Household incomes are higher than in 97% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are long, about 39.2 minutes each way. Most homes (91.5%) are owned, so rentals can be hard to find. It is a highly educated city: 71.7% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $144,560 a year. That is $70 an hour at a full-time job.

Is rent cheaper than other Maryland cities?

No. Rent here is more expensive than in most of Maryland. It is number 198 of 200 cities from cheapest to most expensive.

Fairwood
$3,614
Wildewood
$2,835
Riverdale Park
$2,415
Lansdowne
$2,121
Taneytown
$1,338
Darnestown
$3,500+
Robinwood
$1,493

How much do households earn in Fairwood?

Under $25k
0.7%
$25k–50k
0.7%
$50k–100k
13.1%
$100k–150k
37.0%
$150k+
45.4%

Share of households by yearly income. 82.3% of households earn $100,000 or more.

How expensive is Fairwood overall?

Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).

Housing
121
Goods (food, clothes…)
103
Utilities
111
Other services
102
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fairwood, so the Maryland figure is shown.

Taxes and bills in Fairwood

🏛️ Property tax$7,607a year · 1.07% of home value · U.S. $3,119
⚡ Electric bill$197a month (typical) · U.S. $156

Life in Fairwood

Commute to work39.2 minU.S.: 26.4 min
College degree71.7%U.S.: 35.7%
Own their home91.5%U.S.: 65.2%
Below poverty line6.5%U.S.: 12.5%
Unemployment1.2%U.S.: 5.2%

Is it cheaper to rent or buy in Fairwood?

Renting is cheaper right now: about $1,338 a month less.

Renting
$3,614
Owning
$4,952

Owning assumes a typical $713,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $71,370 for the down payment.

Frequently asked questions

What is the average rent in Fairwood, MD?

Renting in Fairwood costs a median of about $3,614 a month in 2026, including utilities. The Maryland median is $2,010.

How much do I need to make to live in Fairwood?

To keep rent under 30% of income, you need about $144,560 a year, or $70 an hour at a full-time job.

Is Fairwood cheap or expensive?

Fairwood is rated OK: rent takes 22.2% of the typical household income of $195,702. It ranks 198th cheapest of 200 Maryland cities we track.

How much are property taxes in Fairwood?

The median homeowner in Fairwood pays $7,607 a year in property taxes, about 1.07% of the median home value.

Is Fairwood more expensive than the national average?

Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Fairwood?

The median home value in Fairwood is $713,700, about 3.6 times the typical yearly household income.

7,526 people live in Fairwood. Numbers are typical (middle) values.