Much like nearby areas, it is a lot more expensive compared to the US as a whole. Compared to the city of Washington however, it's substantially less expensive.
Home prices
College Park's median home cost is $330,300. In comparison to the surrounding areas this is is very similar.Compared to the rest of the nation it is approximately $112,800 (51%) higher, and in comparison to the city of Washington is approximately $271,200 (45%) lower.
Rents
College Park's median rent is $1,528 a month. This is approximately $237 (13%) lower in comparison to its nearby areas.In comparison to the US as a whole it is about $466 (43%) higher, and is is very similar compared to the city of Washington.
Nearby places
Berwyn Heights
Berwyn Heights is College Park's neighbor to the east. Real estate prices there are a little less expensive. The median home in Berwyn Heights costs $308,000, which comes out to $22,300 (7%) lower than College Park. Rent there is somewhat more expensive. Berwyn Heights's median monthly rent is $2,070, which is $542 (26%) higher than College Park.
Adelphi
Adelphi is College Park's neighbor to the west. Housing prices there are a little less expensive. The median home in Adelphi is valued at $313,700, which works out to $16,600 (5%) lower than College Park. Rents there are fairly similar. The median rent in Adelphi is $1,502 a month, which is $26 (1%) lower than College Park.
University Park
University Park is College Park's neighbor to the south. The real estate prices there are substantially more expensive. The median home value in University Park is $486,500, which is $156,200 (32%) higher than College Park. Rent there is a lot more expensive. In University Park the median rent is $2,420 per month, which is $892 (36%) higher than College Park.
Greenbelt
Greenbelt is College Park's neighbor to the east. The real estate prices there are substantially less expensive. The median home in Greenbelt is valued at $227,400, which works out to $102,900 (45%) lower than College Park. The rent there is a bit more expensive. The median rent in Greenbelt is $1,610 a month, which is $82 (5%) higher than College Park.
Riverdale Park
Riverdale Park is College Park's neighbor to the south. Real estate prices there are fairly similar. The value of the median home in Riverdale Park is $328,600, which is very similar to College Park. The rent there is a little less expensive. Riverdale Park's median monthly rent is $1,224, which is $304 (24%) lower than College Park.
