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These days, finding an affordable place to live in the College Park area can be challenging. Home prices in College Park are now at a median cost of $441,107, lower than the Maryland average of $450,578.
The average cost of rent is $1,708/mo in College Park, primarily driven by the current value of real estate in the College Park area. In College Park, 64.87% of households rent, and 38.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in College Park is $5,297 per month. Households that rent pay about 32.24% of their income on rent here. College Park’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Berwyn Heights, MD: equally priced homes
- University Park, MD: higher priced homes
- Adelphi, MD: less expensive homes
- Hyattsville, MD: equally priced homes
- Greenbelt, MD: less expensive homes
- Riverdale Park, MD: equally priced homes
- East Riverdale, MD: less expensive homes
- Chillum, MD: less expensive homes
- Edmonston, MD: equally priced homes
- Riverdale, MD: less expensive homes
Cities with Similar Populations
- Claremont, CA: higher priced homes
- Long Beach, NY: higher priced homes
- Park Ridge, IL: higher priced homes
- Old Bridge, NJ: higher priced homes
- Ocean Springs, MS: less expensive homes
- New Smyrna Beach, FL: equally priced homes
- Mount Pleasant, MI: less expensive homes
- Adelanto, CA: less expensive homes
- Madison, TN: less expensive homes
- Peachtree City, GA: higher priced homes
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