College Park, MD

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College Park, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

College Park Housing Market Information

With 32,275 people, 7,096 houses or apartments, and a median cost of homes of $409,320, real estate costs in College Park are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in College Park, accounting for 59.38% of the city's housing units. Other types of housing that are prevalent in College Park include large apartment complexes or high rise apartments ( 34.33%), row houses and other attached homes ( 3.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.53%).

Renters dominate College Park's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. College Park's housing was primarily built during this period, from the '40s through the '60s. A full 49.23% of the city's housing hails from this era. Other housing ages represented in College Park include homes built between 1970-1999 ( 19.88%) and housing constructed between 2000 and later ( 18.96%). There's also some housing in College Park built before 1939 ( 11.93%).

College Park Home Appreciation Rates

Real estate appreciation rates in College Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.55% during the period.

NeighborhoodScout's data show that during the latest twelve months, College Park's appreciation rate, at 4.99%, has been at or slightly above the national average. In the latest quarter, College Park's appreciation rate has been 1.36%, which annualizes to a rate of 5.56%.

Relative to Maryland, our data show that College Park's latest annual appreciation rate is higher than 60% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within College Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in College Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best College Park real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

College Park, MD HOME PRICES

Value Range
> $1,279,000 0.2
$959,001 - $1,279,000 0.1
$640,001 - $959,000 4.2
$511,001 - $640,000 4.2
$383,001 - $511,000 38.4
$256,001 - $383,000 41.4
$128,001 - $256,000 9.4
$64,001 - $128,000 1.0
$0 - $64,000 1.1

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
10.4408759124088 23.6842105263158

Number Of Homes And Apartments:

College Park Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
116.85% 4.27%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,881 / per month

Homeownership Rate

Owners 30.10
Renters 69.90
Vacant 9.24

Housing Market Details


Age of Homes

AGE OF College Park HOMES
2000 or Newer 19.0
1970 - 1999 19.9
1940 - 1969 49.2
1939 or Older 11.9

Types of Homes

TYPE OF College Park HOMES
Single-Family 59.4
Townhomes 3.8
Small Apt. Buildings 2.5
Apt. Complexes 34.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF College Park HOMES
No Bedroom 4.52
1 Bedroom 13.19
2 Bedrooms 22.03
3 Bedrooms 28.82
4 Bedrooms 20.49
5 or more bedrooms 10.96