The housing market in 20740 College Park, MD is higher than the US median value at $413,800. The appreciation of homes over the past year has been 6.91%, which is slightly lower than the national average of 8.27%. This suggests that for those looking to invest in the area, there may be more potential for growth in the future. College Park is a great area to live, with access to local amenities like shops and restaurants as well as plenty of outdoor activities for residents of all ages. The city's housing market is likely to remain stable due to its strong economic base, making it an attractive place for those looking to buy or rent a home.
The median home cost in College Park (zip 20740) is $413,800. Home appreciation the last 10 years has been 86.5%. Home Appreciation in College Park (zip 20740) is up 10.7%.
Average Age of Homes
- The median age of College Park (zip 20740) real estate is 51 years old
The Rental Market in College Park (zip 20740)
- Renters make up 47.1% of the College Park (zip 20740) population
- 3.7% of houses and apartments in College Park (zip 20740), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.