October's First-Time Homebuyer Report for College Park

College Park is a small city in Maryland with a median income of $65,144 per household. Besides being somewhat affluent, its population is much older than others with a median age of 21 years. The College Park market almost exclusively consists of detached houses, accounting for 97% of the current homes in the area. The best school in the city is Hollywood Elementary School.

Culture

If you are interested in the good places to eat in College Park, Foursquare says that Bobbys Burger Palace, College Park Diner, and Sakura Seafood Buffet are the most popular restaurants. You might also try CDepot, Maryland Food Collective, and Smile Herb Shop, a few popular stores to do some shopping.

Price Range

The median value of homes in College Park is $205,700, making the area almost identical to others in Maryland. At the same time, the average list price of available homes is presently $317,769. Over the last 30 days, the College Park market was solid with 17 homes sold, a 13.3% increase from last week's report.

Out of all the listings in College Park, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$329K   $279K   $275K  

Typical Dwelling

A three-bedroom detached home valued around $297,343 is considered a typical dwelling in College Park. If a buyer was looking for a similar home, they would need good credit and a $59,469 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,580 and the property tax rate is $16.07 per $1,000 of taxable assessed value.

Get started right now by checking out College Park homes for sale or reviewing College Park real estate trends.


Data reported through 10/13/2016

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