La Plata, MD—20646
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Plata, MD
As of Oct '25, the median home price in La Plata, MD is $479,000, with a year-over-year change of 1.8%. This indicates that home prices in La Plata, MD are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $479,000 | 1.8% |
| Single Family | $483,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $335,000 | 1.2% |
3 Bed | $419,000 | 1.5% |
4 Bed | $549,000 | 1.1% |
| 5 Bed | $629,000 | 0.6% |
% of Housing Stock
Rental Trends — La Plata, MD
As of July '25, Rentcast reports the average rent in La Plata, MD is $2,690, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in La Plata, MD is 1-bedrooms: $1,630, 2-bedrooms: $2,410, 3-bedrooms: $2,710, 4-bedrooms: $3,560. The most common rental property sizes in La Plata, MD are 2-bedroom and 3-bedroom, accounting for 49.0% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,630 |
| 2 Bed Rent | $2,500 | $2,410 |
| 3 Bed Rent | $2,800 | $2,710 |
| 4 Bed Rent | $3,700 | $3,560 |
% of Rental Stock
Property Listings — La Plata, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in La Plata, MD is 33. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $498,000 | 0.0% |
Listing Count | 149 | 15.0% |
| Listings as % of Homes | 0.9% | 15.0% |
Days on Market | 33 | -3.0% |
Demographics — La Plata, MD
As of the latest ACS Survey released in 2023, La Plata, MD has a population of 21,600, which has increased by 3.0% over the past 5 years. La Plata, MD is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 33.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,600 | 3.0% |
% Under 18 | 21.3% | -0.9% |
% Seniors | 16.9% | 4.3% |
% WFH | 17.6% | 179.4% |
% w/ College Degree | 33.4% | 6.4% |
As of the latest ACS Survey released in 2023, La Plata, MD is a predominantly white area, with 61.8% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in La Plata, MD is black, making up 24.2% of the population. Foreign-born residents account for 6.5% of the population in La Plata, MD, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.8% | -6.6% |
% Black | 24.2% | 4.8% |
% Hispanic | 4.3% | 30.3% |
% Asian | 3.2% | 18.5% |
% Foreign Born | 6.5% | 25.0% |
Mortgage and Risk — La Plata, MD
According to HUD data as of 2023, there were 610 mortgage originations in La Plata, MD, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in La Plata, MD. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 610 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — La Plata, MD
As of 2024, the percent of homes in La Plata, MD under the Section 8 program is 14.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in La Plata, MD, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 161 |
Total Units Section 8 | 161 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,700 | $1,790 |
| 2 Bedroom | -$490 | $2,500 | $2,010 |
| 3 Bedroom | -$290 | $2,800 | $2,510 |
| 4 Bedroom | -$740 | $3,700 | $2,960 |
Affordability — La Plata, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $479,000 |
| Median Household Income | $130,000 |