Home Insurance in College Park, Maryland
With a median home value of $437,900, College Park is close to the Prince George's County median.
The typical home in College Park was built around 1981. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 28% of homes were built before 1960, about 7 points above Prince George's County's 21%.
Housing in College Park breaks down to 45% single-family homes and 53% apartments in buildings with 5+ units.
In College Park, about 70% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 34% of occupied homes in College Park are owner-occupied.
56% of homes in College Park are primarily heated with natural gas.
What's the biggest home insurance risk near College Park? FEMA's National Risk Index points to winter weather (Very High) in Prince George's County and Prince George's County had 3,150 active NFIP flood policies as of September 2026. See the full Prince George's County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Maryland is $1,578 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $437,900 |
|---|---|
| Median year built | 1981 |
| Owner-occupied share | 34% |
| Share of owner-occupied homes with a mortgage | 70% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Prince George's County | 3,150 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
- Berwyn Heights
- University Park
- Riverdale Park
- Hyattsville
- Greenbelt
- Edmonston
- North Brentwood
- Takoma Park
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)