The typical owner-occupied home in Fairplay is worth about $296,800, 29% below the Maryland median of $419,900 and 11% below the national median of $332,700. Owners pay a median $2,850 a year in property taxes, about 0.96% of their home's value, close to the Maryland rate of 0.97%. The median household earns $120,652 a year, so the median home costs 2.5 times the median income (4.1 times for Maryland). 93% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Fairplay at a glance
| Fairplay | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $296,800 | $419,900 | $332,700 |
| Median property tax paid per year | $2,850 | $4,093 | $3,119 |
| Property tax as a share of value | 0.96% | 0.97% | 0.94% |
| Median household income | $120,652 | $103,678 | $80,734 |
| Homes lived in by their owners | 93% | 68% | 65% |
| Owner homes with a mortgage | 76% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,468 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 15.2% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1987 | 1979 | 1980 |
| Vacant homes | 0.0% | 7.7% | 10.1% |
| Population | 511 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Fairplay
At this week's average 30-year rate of 7.11%, buying the median Fairplay home of $296,800 with 20% down costs about $1,958 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,453, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $83,931 for the 20%-down payment. That payment is 19% of the median Fairplay household income of $120,652; at that income and 20% down, the 28% guideline points to a home of about $427,000.
| Down payment | $59,360 |
|---|---|
| Loan amount | $237,440 |
| Principal and interest | $1,597 |
| Property taxes (0.96% a year) | $237 |
| Homeowners insurance (our estimate, 0.5% a year) | $124 |
| PMI | $0 |
| Total per month | $1,958 |
Change the numbers in the calculator
| Down payment | $10,388 |
|---|---|
| Loan amount | $291,424 |
| Principal and interest | $1,960 |
| Property taxes (0.96% a year) | $237 |
| Homeowners insurance (our estimate, 0.5% a year) | $124 |
| FHA mortgage insurance | $131 |
| Total per month | $2,453 |
Change the numbers in the calculator
Questions about home buying in Fairplay
What is the median home value in Fairplay?
About $296,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fairplay?
Homeowners pay a median $2,850 a year, which is about 0.96% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Fairplay?
For the median home with 20% down at 7.11%, the payment is about $1,958 a month. Keeping that under 28% of gross income takes about $83,931 a year.
More about Fairplay
- Mortgage Refinance in Fairplay
- Debt Relief in Fairplay
- Home Equity Loans in Fairplay
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data