According to statistics, the population in Fairland, MD amounts to 24,226, which shows decline 0% compared to the previous year. The median age of the city’s residents is 35. The average household income is $81,415, shifting growth 3% from the past year, and the average property value in Fairland, MD growth 3% to $307,100 throughout the year.
|Number Of Employees||13,643|
|Median Property Value||$307,100|
The average household income in Fairland, MD grew from $79,420 to $81,415 in the past year. This data is an estimate based upon 8,779 households in Fairland, MD . The chart below presents how household income is distributed in Fairland, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Fairland, MD shifted from $297,700 to $307,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Fairland, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Fairland, MD properties falls in the '$400,000 to $499,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Fairland, MD compared to median property taxes around the country. The prevalent amount of property taxes in Fairland, MD equals $3000, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Fairland, MD decreased by 0.9% to $430,093.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $215,000 with no changes this month. Asking price for 2-bed apartment also increased by 45% and a place of this size will now cost you $289,975. A 3-bed apartment goes for $373,833, it decreased by 8.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 12.5% and made it down to $609,700.
Price reports demonstrate that house price decreased by 12.5% this month making it up to $609,700. Condos are really in demand in this season. The median price for a condo increased by 3.4%, it’s now available for $340,290.