Prince George's County
Maryland ยท Pop. 967,201
Ranked #115 of 200 counties
38Crisis
Median Home Price
๐$380K
3.5% YoY
Median Rent
๐$1,700
Median Income
๐ฐ$82K
Rent Burden
๐29.5%
% of income to rent
Housing Shortage
๐๏ธ8,000
estimated unit deficit
Building Permits (2024)
๐3,800
Price-to-Income Ratio
โ๏ธ4.6x
Homeownership Rate
๐ก58.0%
How Prince George's County Compares
| Metric | Prince George's County | Maryland | National |
|---|---|---|---|
| Home Price | $380K | $414K | $410K |
| Rent | $1,700 | $1,651 | $1,500 |
| Income | $82K | $99K | $75K |
| Rent Burden | 29.5% | 33.5% | 30.0% |
| Homeownership | 58.0% | 68.0% | 65.0% |
Key Takeaways
- โข Home prices are 7% below the national average.
- โข Rent is 13% above the national average.
- โข The county has an estimated housing shortage of 8,000 units.
- โข 3,800 building permits were issued in 2024.
- โข Year-over-year home prices changed by 3.5%.