Mortgage payment estimates, closing cost breakdowns, and homebuying data for College Park, Maryland.
Pre-filled with College Park median home price and Maryland tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maryland rates and fees applied to College Park prices.
The median home price in College Park is $385,000, 8% below the Maryland state median of $420,000. With a population of 32,303, College Park is a smaller market where home prices tend to be more accessible than in many parts of Maryland.
Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $385,000 home in College Park would carry roughly $350/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in College Park is $1,550/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
College Park presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.