College Park, MD has a median house value of $414,800 which is much higher than the US median house value of $338,100. In the past year, the US house appreciation as been 8.27%, but in College Park it has been slightly lower at 6.91%. This could be due to a number of factors such as income levels in the area or local property taxes. Despite this discrepancy in appreciation rates, housing in College Park is still a desirable option for those looking for an investment opportunity or to move into the area.
The median home cost in College Park is $414,800. Home appreciation the last 10 years has been 86.5%. Home Appreciation in College Park is up 10.7%.
Average Age of Homes
- The median age of College Park real estate is 53 years old
The Rental Market in College Park
- Renters make up 48.6% of the College Park population
- 4.0% of houses and apartments in College Park, 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.