Home Affordability in 20740
College Park, MD — Prince Georges County
The median home price in ZIP code 20740 (College Park) is $385,000 with a median household income of $62,000. The price-to-income ratio is 6.2x.
Median Home Price
$385,000
Median Income
$62,000
Price-to-Income
6.2x
Est. Affordable Home
$241,000
Property Tax Rate
0.98%
Annual Property Tax
$3,773
Cost of Living
118
Metro Area
Washington MSA
Down Payment Scenarios for ZIP 20740
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $11,550 | $373,450 | Yes |
| 5% | $19,250 | $365,750 | Yes |
| 10% | $38,500 | $346,500 | Yes |
| 20% | $77,000 | $308,000 | No |
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