College Park, MD is home to the University of Maryland and a thriving community of residential neighborhoods with a mix or year ’round residents and rental properties. Unlike most college towns there is only a small area of student focused businesses located a little south of the University along Route 1. However, Route 1 is undergoing a bit of a renaissance a couple of miles to the south of the University in Hyattsville with lots of new businesses designed to attract a more upscale clientele.
Some of the new businesses include:
The 20740 zip code includes both College Park, MD and Berwyn Heights, MD. Berwyn Heights is a largely residential community with its own Mayor and City Council as well as its own police force and fire department.
Real Estate Trends In College Park and Berwyn Heights, MD
Here is a snapshot of the most recent 2 years of median home prices in the 20740 zip code:
Here is a snapshot of the most recent 2 years of the number of Days on Market houses remain for sale in College Park and Berwyn Heights prior to a contract being accepted:
Here is a snapshot of the most recent 2 years of the Average SOLD Price to LIST Price Ratio in College Park and Berwyn Heights: