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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

College Park Housing Market Information

With a population of 32,163, 7,054 total housing units (homes and apartments), and a median house value of $382,870, 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 58.99% of the city's housing units. Other types of housing that are prevalent in College Park include large apartment complexes or high rise apartments ( 35.07%), row houses and other attached homes ( 3.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.27%).

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 46.08% of the city's housing hails from this era. Other housing ages represented in College Park include homes built between 1970-1999 ( 23.23%) and housing constructed between 2000 and later ( 19.01%). There's also some housing in College Park built before 1939 ( 11.68%).

College Park Home Appreciation Rates

Appreciation rates for homes in College Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.02%, which ranks in the top 30% nationwide. This equates to an annual average College Park house appreciation rate of 3.86%.

Over the last year, College Park appreciation rates have trailed the rest of the nation. In the last twelve months, College Park's appreciation rate has been 3.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in College Park were at 1.09%, which equates to an annual appreciation rate of 4.44%.

Relative to Maryland, our data show that College Park's latest annual appreciation rate is higher than 50% 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
> $1,201,000 0.3
$901,001 - $1,201,000 0.1
$601,001 - $901,000 4.9
$481,001 - $601,000 4.6
$360,001 - $481,000 45.6
$240,001 - $360,000 39.2
$120,001 - $240,000 4.5
$60,001 - $120,000 0.3
$0 - $60,000 0.5

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.8277372262774 32.7067669172932

Number Of Homes And Apartments:

College Park Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
130.88% 4.11%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,903 / per month

Homeownership Rate

Owners 29.18
Renters 70.82
Vacant 8.92

Housing Market Details


Age of Homes

AGE OF College Park HOMES
2000 or Newer 19.0
1970 - 1999 23.2
1940 - 1969 46.1
1939 or Older 11.7

Types of Homes

TYPE OF College Park HOMES
Single-Family 59.0
Townhomes 3.7
Small Apt. Buildings 2.3
Apt. Complexes 35.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF College Park HOMES
No Bedroom 5.01
1 Bedroom 12.42
2 Bedrooms 19.21
3 Bedrooms 27.82
4 Bedrooms 24.75
5 or more bedrooms 10.78