The housing market in Fairwood, MD is quite strong compared to the overall US. The median value of a home in Fairwood is $654,500, which is much higher than the US median value of $338,100. Over the past year, houses in Fairwood have appreciated by 6.91%, slightly lower than the 8.27% appreciation rate seen nationwide. This suggests that the housing market in Fairwood is fairly stable and resilient in comparison to other parts of the country.
The median home cost in Fairwood is $654,500. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Fairwood is up 10.7%.
Average Age of Homes
- The median age of Fairwood real estate is 11 years old
The Rental Market in Fairwood
- Renters make up 7.1% of the Fairwood population
- 0.8% of houses and apartments in Fairwood, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.