Zip 20904 (Fairland, MD) Housing

The housing market in 20904 Fairland, MD has a median value of $536,000, which is significantly higher than the US median value of $338,100. However, appreciation for the housing market in 20904 Fairland over the past year has been slower than the US average of 8.27%, at 2.33%. This could be due to a variety of factors including local economic conditions or changes in the housing supply and demand in the area. Despite this slower appreciation rate, 20904 Fairland remains a desirable place to live with its high median home value and proximity to amenities such as parks and shopping centers.

The median home cost in Fairland (zip 20904) is $536,000. Home appreciation the last 10 years has been 59.7%. Home Appreciation in Fairland (zip 20904) is up 9.1%.

Average Age of Homes

- The median age of Fairland (zip 20904) real estate is 34 years old

The Rental Market in Fairland (zip 20904)

- Renters make up 42.2% of the Fairland (zip 20904) population
- 2.7% of houses and apartments in Fairland (zip 20904), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fairland, Maryland	United States
	22,009.0	139,647,020.0
	39	42
	$536,000	$338,100
	9.1%	16.6%
	34.9%	57.0%
	59.7%	101.1%
	$9.05	$10.98
	$3,915	$2,690
	49.0%	57.4%
	5.9%	11.2%
	45.0%	31.4%
Vacant Housing
	2.7%	1.9%
	0.5%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.7%	2.4%
	0.2%	2.8%
	0.2%	3.9%
	0.2%	4.5%
	2.3%	11.3%
	2.5%	13.0%
	11.7%	20.1%
	21.3%	13.6%
	31.1%	8.3%
	25.3%	9.7%
	2.5%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.3%	13.6%
	12.3%	13.6%
	9.9%	13.6%
	31.6%	13.2%
	14.1%	14.8%
	9.9%	13.6%
	7.3%	10.0%
	1.8%	4.7%
	2.0%	12.2%

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