Forgivable loan
Live+Work College Park Program
Income limits · Single Family · Townhouse · Condo
Down payment assistance · Prince George's County
Buying a home in College Park, MD
2 College Park programs, 3 county programs and 19 statewide.College Park has 2 programs of its own, 3 more across Prince George's County, and 19 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for College Park addresses
College Park’s own programs
Assistance grant
New Neighbors Homeownership Grant Program
First-time homebuyers · New construction · Income limits · Single-family detached · Townhouse · Condominium
Anywhere in Prince George'sAnywhere in Prince George's County
3 county programs3 county programs a College Park homebuyer can also use
The College Park marketThe College Park housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in College Park
- 41.5% single-familysingle-family
- 3.3% townhousetownhouse
- 2.6% 2–4 units2–4 units
- 52.6% 5+ unitscondo & apartment buildings (5+ units)
- 0% mobile & othermobile home & other
Condos count. 4 of College Park’s 5 local and county programs accept condos. HIP Homes Single-Family Homeownership Program lists single family and townhouse.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When College Park’s homes were built
pre-19401970s2020+
48.9%
of College Park homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$166,100
County area median income, 4 people (HUD)HUD area median income, Prince George's County, 4-person household (2026)
$69,721
College Park median household incomeMedian household income in College Park (Census, 2024)
19 of the 86 programs here set their income limit as a share of Prince George's County’s area median income, adjusted for household size. See the published limits for Prince George's County
Free help nearbyFree help near College Park
36 HUD-approved counseling agencies within 15 miles36 HUD-approved housing counseling agencies within 15 miles
4 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.4 of the 5 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Maryland and nationwide
81 statewide & federal programs19 statewide programs, plus federal options
College Park questions
Does College Park have its own down payment program?
Yes, 2: Live+Work College Park Program and New Neighbors Homeownership Grant Program. Each is for homes inside College Park.
Can I use assistance on a condo in College Park?
4 of College Park’s 5 local and county programs accept condos. HIP Homes Single-Family Homeownership Program lists single family and townhouse. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Prince George's County?
Each program sets its own. 19 of the programs here set theirs as a share of HUD’s area median income for Prince George's County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near College Park?
HUD-approved housing counseling agencies teach homebuyer classes, and 36 agencies are within 15 miles of College Park. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
20740 · 20741 · 20742
Nearby in Prince George's
Sources
Sources: agency sites (June–September 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–September 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.