La Plata, MD 20646 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

La Plata, MD—20646

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$476,000

1.6% YoY Growth

Household Income

$130,000

28.1% YoY Growth

Days on Market

5.0% Longer YoY

Home Price Forecast

0.0%

Median Rent

$2,800

3.5% YoY Growth

1-Bed Rent

$1,700

30.4% YoY Growth

2-Bed Rent

$2,500

8.6% YoY Growth

3-Bed Rent

$2,800

5.9% YoY Growth

Home Price Trends — La Plata, MD

As of Nov '25, the median home price in La Plata, MD is $476,000, with a year-over-year change of 1.6%. This indicates that home prices in La Plata, MD are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$476,000	1.6%
Single Family	$479,000	1.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

6.8%

1 Bedroom

13.5%

2 Bedrooms

49.0%

3 Bedrooms

24.3%

4 Bedrooms

1.1%

5+ Bedrooms

5.3%

Property Listings — La Plata, MD

As of Nov '25, Realtor.com reports that the median days on market for a home in La Plata, MD is 39. This is a increase of 5.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$499,000	1.0%
Listing Count	145	15.0%
Listings as % of Homes	0.9%	15.0%
Days on Market	39	5.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

La Plata, MD—20646

Key Metrics at a Glance

Home Price Trends — La Plata, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — La Plata, MD

% of Rental Stock

Property Listings — La Plata, MD

Demographics — La Plata, MD

Race and Ethnicity

Mortgage and Risk — La Plata, MD

Mortgages

Rentals and Section 8 — La Plata, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — La Plata, MD

Home Price to Income Ratio

La Plata, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Port Tobacco, MD

Bel Alton, MD

Pomfret, MD

Waldorf, MD

Faulkner, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$476,000
Median Household Income	$130,000

La Plata, MD—20646

Key Metrics at a Glance

Home Price Trends — La Plata, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — La Plata, MD

% of Rental Stock

Property Listings — La Plata, MD

Demographics — La Plata, MD

Race and Ethnicity

Mortgage and Risk — La Plata, MD

Mortgages

Rentals and Section 8 — La Plata, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — La Plata, MD

Home Price to Income Ratio

La Plata, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Port Tobacco, MD

Bel Alton, MD

Pomfret, MD

Waldorf, MD

Faulkner, MD

Frequently Asked Questions

What is the average home price in La Plata, MD 20646?

How have home prices in La Plata, MD 20646 changed over the past year?

What is the home price projection for La Plata, MD 20646?

What are the demographics of La Plata, MD 20646?

How long does it take homes to sell in La Plata, MD 20646?

What is the average rent price in La Plata, MD 20646?