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College Park city, MD

ZIP 20740 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 20740

Median Home Value
$417,100
Median Rent
$1,700
Affordability Snapshot
$115,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,679/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

20.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 20740 in College Park city, MD, a household would need roughly $115,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,679. That is about 41% above the local median household income ($81,359), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
39.3%-40% vs US avg
x
Vacancy Rate
10.8%+5% vs US avg
x
Broadband Access
88.6%+2% vs US avg
x
4+ Bedrooms
10.0%-33% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
36.0%-28% vs US avg
x
Mortgage-Free
33.4%-13% vs US avg
x
$417,100
Home Value
$1,700
Rent
1974
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached41.5%
  • 1-unit attached2.3%
  • 2-9 units6.7%
  • 10+ units49.3%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$417,100
Median rent$1,700
Owner-occupied39.3%
Vacant10.8%
Price-to-income5.1x
Est. income to buy$115,000