College Park, MD 20740 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

College Park, MD—20740

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$442,000

0.9% YoY Growth

Household Income

$81,400

21.1% YoY Growth

Days on Market

18.0% Longer YoY

Home Price Forecast

-1.1%

Median Rent

$2,350

16.4% YoY Growth

1-Bed Rent

$1,520

18.8% YoY Growth

2-Bed Rent

$2,100

0.9% YoY Growth

3-Bed Rent

$2,600

6.6% YoY Growth

Home Price Trends — College Park, MD

As of May '26, the median home price in College Park, MD is $442,000, with a year-over-year change of -0.9%. This indicates that home prices in College Park, MD are flat. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$442,000	-0.9%
Single Family	$461,000	-1.1%
Condos	$210,000	-3.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — College Park, MD

As of July '25, Rentcast reports the average rent in College Park, MD is $2,560, with a year-over-year rent change of 16.4%. Per bedroom, the median rent as of July '25 in College Park, MD is studios: $1,530, 1-bedrooms: $1,560, 2-bedrooms: $2,130, 3-bedrooms: $2,730, 4-bedrooms: $2,680. The most common rental property sizes in College Park, MD are 2-bedroom and 1-bedroom, accounting for 31.7% and 28.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,350	$2,560
Studio Rent	$1,390	$1,530
1 Bed Rent	$1,520	$1,560
2 Bed Rent	$2,100	$2,130
3 Bed Rent	$2,600	$2,730
4 Bed Rent	$2,800	$2,680

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% of Rental Stock

Studio

12.6%

1 Bedroom

28.6%

2 Bedrooms

31.7%

3 Bedrooms

5.3%

4 Bedrooms

15.2%

5+ Bedrooms

6.6%

Property Listings — College Park, MD

As of May '26, Realtor.com reports that the median days on market for a home in College Park, MD is 30. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer 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	$487,000	0.0%
Listing Count	77	25.0%
Listings as % of Homes	0.2%	25.0%
Days on Market	30	18.0%

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Demographics — College Park, MD

As of the latest ACS Survey released in 2023, College Park, MD has a population of 36,600, which has increased by 14.8% over the past 5 years. College Park, MD is a less popular place for families, as children make up 13.4% of the population. The area has a highly educated workforce, with 48.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	36,600	14.8%
% Under 18	13.4%	7.2%
% Seniors	8.1%	-2.4%
% WFH	15.9%	381.8%
% w/ College Degree	48.5%	3.4%

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As of the latest ACS Survey released in 2023, College Park, MD is a predominantly white area, with 34.6% of the population identifying as white. The white population has shrunk by 19.7% in the last 5 years. The second most common race or ethnicity in College Park, MD is black, making up 24.2% of the population. Foreign-born residents account for 28.4% of the population in College Park, MD, and this percentage has decreased by 1.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	34.6%	-19.7%
% Black	24.2%	17.5%
% Hispanic	22.2%	25.4%
% Asian	14.5%	-5.8%
% Foreign Born	28.4%	-1.4%

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Mortgage and Risk — College Park, MD

According to HUD data as of 2023, there were 172 mortgage originations in College Park, MD, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in College Park, MD. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	172
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	6.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — College Park, MD

As of 2024, the percent of homes in College Park, MD under the Section 8 program is 3.3%. 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. In College Park, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	351
Total Units Section 8	239
% Rentals under Section 8	3.3%
% Occupied Section 8	94.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$680	$1,520	$2,200
2 Bedroom	$380	$2,100	$2,480
3 Bedroom	$500	$2,600	$3,100
4 Bedroom	$860	$2,800	$3,660

College Park, MD—20740

Key Metrics at a Glance

Home Price Trends — College Park, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — College Park, MD

% of Rental Stock

Property Listings — College Park, MD

Demographics — College Park, MD

Race and Ethnicity

Mortgage and Risk — College Park, MD

Mortgages

Rentals and Section 8 — College Park, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — College Park, MD

Home Price to Income Ratio

College Park, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Acredale

Langley Park, MD

East Riverdale, MD

Greenbelt, MD

Hyattsville, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$442,000
Median Household Income	$81,400

College Park, MD—20740

Key Metrics at a Glance

Home Price Trends — College Park, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — College Park, MD

% of Rental Stock

Property Listings — College Park, MD

Demographics — College Park, MD

Race and Ethnicity

Mortgage and Risk — College Park, MD

Mortgages

Rentals and Section 8 — College Park, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — College Park, MD

Home Price to Income Ratio

College Park, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Acredale

Langley Park, MD

East Riverdale, MD

Greenbelt, MD

Hyattsville, MD

Frequently Asked Questions

What is the average home price in College Park, MD 20740?

How have home prices in College Park, MD 20740 changed over the past year?

What is the home price projection for College Park, MD 20740?

What are the demographics of College Park, MD 20740?

How long does it take homes to sell in College Park, MD 20740?

What is the average rent price in College Park, MD 20740?