College Park, MD—20740
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — College Park, MD
As of Oct '25, the median home price in College Park, MD is $440,000, with a year-over-year change of 2.0%. This indicates that home prices in College Park, MD are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $440,000 | 2.0% |
| Single Family | $458,000 | 1.3% |
| Condos | $214,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $264,000 | 1.9% |
3 Bed | $438,000 | 1.2% |
4 Bed | $482,000 | 0.8% |
| 5 Bed | $514,000 | 0.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — College Park, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in College Park, MD is 46. This is a increase of 20.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 0.0% |
Listing Count | 60 | 19.0% |
| Listings as % of Homes | 0.2% | 19.0% |
Days on Market | 46 | 20.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — College Park, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $440,000 |
| Median Household Income | $81,400 |