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College Park

Learn about the people, housing, costs and businesses in College Park, Maryland

Median Home$455,795
Median Rent$1,960/month
Population34,001
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality31% public administration
Home Value Growth⬆⬆+11.1% over 2 years
Young Adults53% of residentstop 1% nationally
Renters62% of occupied units
NotableAmenity Score81/100 · highly walkable area
NotableTransit85/100 · excellent transit access
College Park
MD

Frequently Asked Questions

What are today's mortgage rates in College Park?

As of today, the 30-year fixed mortgage rate for College Park is approximately 6.893% (6.929% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in College Park?

The median home value in College Park is $456k. The median monthly rent is $1,960. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in College Park?

Home values in College Park have increased 11.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in College Park?

Based on a typical all-in ownership cost of $1,817/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in College Park is $89k/year.

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What industries drive the economy in College Park?

The largest employment sectors in College Park are public administration (31%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.