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Fairwood CDP, MD

ZIP 20720 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 20720

Median Home Value
$545,800
Median Rent
$2,692
Affordability Snapshot
$150,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,506/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

16.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 20720 in Fairwood CDP, MD, a household would need roughly $150,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,506. That is roughly in line with the local median household income ($162,976). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
93.8%+43% vs US avg
x
Vacancy Rate
2.2%-78% vs US avg
x
Broadband Access
97.5%+12% vs US avg
x
4+ Bedrooms
27.1%+83% vs US avg
x
Built Pre-1939
0.6%-96% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
10.1%-80% vs US avg
x
Mortgage-Free
12.8%-66% vs US avg
x
$545,800
Home Value
$2,692
Rent
1998
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.2%
  • 1-unit attached22.8%
  • 2-9 units0.7%
  • 10+ units0.6%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$545,800
Median rent$2,692
Owner-occupied93.8%
Vacant2.2%
Price-to-income3.3x
Est. income to buy$150,000