JeffCroweCRE

Housing market/Maryland/ZIP 20740

ACS 2023 · FY2027 SAFMR

ZIP 20740 College Park, Maryland

Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area · Maryland. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
36,564
Households
11,671
Median HH income
$81,359
Renter share
60.8%
Median gross rent
$1,788
Vacancy
10.8%
Pop. change
+14.8%
2BR SAFMR
$2,560
SAFMR / rent
1.432×
2–49 unit stock
2,282
LIHTC proj / units
2 / 196
HUD assisted MF
4 / 208

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 20740 · MD — sent to you.

ZIP 20740 · MD

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 20740 — College Park, MD HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,788
2BR SAFMR$2,560
90% floor$2,304
110% ceiling$2,816

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 20740

  • 1-unit detached5,42441.5%
  • 1-unit attached2992.3%
  • 2–4 units2872.2%
  • 5–49 units1,99515.3%
  • 50+ units5,04638.6%
  • Mobile280.2%
TypeUnitsShare
1-unit detached5,42441.5%
1-unit attached2992.3%
2 units (duplex)380.3%
3–4 units2491.9%
5–9 units5934.5%
10–19 units7325.6%
20–49 units6705.1%
50+ units5,04638.6%
Mobile280.2%

2–4 unit share 2.2% · 5–49 unit share 15.3% · combined 2–49 17.4%.

Units by bedrooms

Studio
907
1BR
2,521
2BR
2,973
3BR
2,372
4BR
3,003
5+
1,303

Rent burden

Rent ≥30% of income54.3%
Rent ≥50% of income35.9%
  • ACS median gross rent $1,788 (all bedrooms, occupied rentals).
  • Median contract rent $1,700.
  • Renters paying ≥30% of income 54.3%; ≥50% 35.9%.
  • FY2027 2BR SAFMR $2,560 (1.432× ACS median gross rent).

Population

36,564 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +14.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 2 projects, 196 units.
  • HUD project-based assisted MF: 4 properties, 208 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 228 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 20740 60.8% of occupied households are renters; vacancy is 10.8%; ACS median gross rent is $1,788; population increased +14.8% between the 2018 and 2023 ACS vintages; the housing stock includes 287 units in 2–4-unit structures and 1,995 units in 5–49-unit structures; 2 LIHTC projects totaling 196 units; FY2027 2BR SAFMR is $2,560 versus ACS median gross rent of $1,788. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Maryland research

ZIP 20740 is a Census / HUD profile for Washington-Arlington-Alexandria, DC-VA-MD, MD. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 20740 — College Park, MD HUD Section 8 Payment Standards / SAFMR·Maryland ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
20001Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area66.3%$2,464$3,43020002Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area62.8%$2,140$2,87020003Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area61.5%$2,630$3,66020004Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area59.2%$2,945$3,53020005Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area70.8%$2,223$3,15020006Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area91.9%$2,035$2,38020007Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area42.6%$2,066$2,61020008Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area64.4%$2,202$3,49020009Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area65.4%$2,346$3,66020010Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area60.1%$1,815$2,55020011Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area46.1%$1,636$2,20020012Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area37.2%$1,638$1,970

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Maryland research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 20740?

ZIP 20740 (Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area) has 36,564 residents, 11,671 households, a renter share of 60.8%, median household income of $81,359, and ACS 2023 median gross rent of $1,788. Vacancy is 10.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 20740?

ACS counts 38 units in 2-unit buildings, 249 in 3–4 unit buildings, 593 in 5–9, 732 in 10–19, and 670 in 20–49. Combined 2–49 unit stock is 2,282 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 20740?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,560. See the full schedule and 90–110% payment-standard band on the ZIP 20740 — College Park, MD HUD Section 8 Payment Standards / SAFMR.

Does this Maryland ZIP profile include Georgia listings?

No. ZIP 20740 is Census / HUD research for Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. Jeff Crowe CRE does not list Maryland property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.