Quick facts: Fairplay, MD

Quick Facts

114.1
Cost of Living
above US average
543
Population
58.93
Crime Rate per 1000
above US average
$113,462
Median Income
above US average
$410,000
Median House Price
above US average
$1928
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.1%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $113,462.

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Income Needed to Buy

βœ— Stretch
$129k/year
Based on $410,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $129k vs median $113,462
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Income Needed to Rent

βœ“ Affordable
$83k/year
Based on $1928/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($113,462) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fairplay, MD

Fairplay is a small, unincorporated community located in Washington County, Maryland, situated near the banks of the Potomac River. It has a serene, rural charm, offering a peaceful lifestyle with close-knit community vibes. Fairplay is conveniently positioned, just a few miles from Hagerstown, allowing residents easy access to urban amenities while enjoying a quieter residential atmosphere. The area is characterized by its beautiful landscapes, surrounding farms, and historic sites. Outdoor enthusiasts can explore nearby natural attractions, including the Chesapeake and Ohio Canal National Historical Park and various local parks, providing opportunities for hiking, fishing, and picnicking. While Fairplay itself has limited commercial activity, the proximity to Hagerstown provides numerous shopping, dining, and entertainment options. The town has a rich history dating back to the 18th century and retains several historic buildings that reflect its past. Overall, Fairplay offers a tranquil living experience with access to nature and community-oriented living, making it an ideal spot for those seeking a slower pace of life while remaining close to vibrant urban centers.

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