City of College Park, Maryland

Economic Development

FACTS & FIGURES

ABOUT COLLEGE PARK
In 2005 the City of College Park strategically implemented an economic development strategy that successfully transformed it from being an auto-dominated community, to one with thriving walkable retail nodes. Now ranked among the Top 50 Small College Towns in the United States, College Park has emerged as a hub for innovation and technology. Recent economic development projects are collectively forecasted to generate over 500 new hotel rooms, approximately 93,000 square feet of new retail space, and over 1,500 new multifamily housing units.

COMMUNITY PROFILE
Population: 32,275
Median Age: 22.5, compared to the U.S. median age of 38.0
Average Household Income: $78,358 (USA: $77,008)
Unemployment Rate: 5.8%
Median Home Value: $291,108 (USA: $232,200)
Total Number of Businesses in College Park: 1,065
Total Number of Employees: 32,773

DEMOGRAPHIC DATA
Executive Summary of College Park’s Demographic Data (Data Source: ESRI)
Detailed Statistical Profile of College Park's Demographic Data  (Data Source: ESRI)
Tapestry Segmentation of College Park’s Residents (Data Source: ESRI)
Profiles of College Park's Largest Population Segments:

WORKFORCE DATA
Largest Employers:

  1. University of Maryland
    15,720 employees
  2. University of Maryland University College
    2,000 employees
  3. National Oceanic & Atmospheric Administration (Center for Weather & Climate Prediction)
    825 employees
  4. Food & Drug Administration (Center for Food Safety & Applied Nutrition)
    800 employees
  5. National Archives II
    689 employees
  6. American Center for Physics
    500 employees
  7. Ikea
    450 employees
  8. College Park Hyundai
    180 employees
  9. The Home Depot
    180 employees
  10. Holiday Inn- College Park
    157 employees

Independent/ Small Businesses:

Labor Market Analysis:

LOCAL COMMERCIAL REAL ESTATE DATA
Local Real Estate Market Profiles:

Local Real Estate Market Forecasts: