College Park, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q1 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 a population of 32,275, 7,096 total housing units (homes and apartments), and a median house value of $403,057, 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

College Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in College Park during the period has been just -0.26%, which is lower than 70% of US communities.

Appreciation rates are so strong in College Park that despite a nationwide downturn in the housing market, College Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, College Park appreciation rates continue to be some of the highest in America, at 7.73%, which is higher than appreciation rates in 75.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in College Park. College Park appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.80%.

Relative to Maryland, our data show that College Park's latest annual appreciation rate is higher than 70% 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:
$403,057

College Park, MD HOME PRICES

Value Range
> $1,259,480 0.2
$944,523 - $1,259,480 0.1
$629,609 - $944,522 4.2
$503,690 - $629,608 4.2
$377,551 - $503,689 38.4
$252,060 - $377,550 41.4
$126,184 - $252,059 9.4
$62,593 - $126,183 1.0
$0 - $62,592 1.1

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
10.370802919708 24.4360902255639

Number Of Homes And Apartments:
7,096

College Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
113.53% 4.24%
10
10
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,854 / per month

Homeownership Rate

Homeownership
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