How to Choose a Rental Property Near the University of Maryland in College Park MD
If you’re considering buying a rental property in College Park, Maryland, you’re looking at one of the most dependable and dynamic real estate markets in the region. Home to the University of Maryland (UMD), College Park offers a unique blend of academic energy, economic stability, and rental demand that few other areas can match.
Whether you’re a first-time investor or adding to your portfolio, here are the best practices for purchasing a rental property in College Park MD — along with a look at why this college town continues to be such a smart investment.
1. Understand the Market and Location
Location is key in any real estate investment, but it’s especially important in College Park, where proximity to the University of Maryland campus directly impacts rental demand. Properties close to the main campus, Baltimore Avenue (Route 1), or Metro stations tend to rent faster and at higher rates.
When scouting potential properties, consider the types of renters you want to attract. Student tenants value walkability and convenience, while faculty and staff often seek quieter neighborhoods like Old Town College Park, Calvert Hills, or Berwyn.
Investors should also research zoning and rental licensing requirements in Prince George’s County to ensure compliance with local housing codes and safety standards.
2. Take Advantage of a Steady Renter Pool
One of the biggest advantages of buying rental property near the University of Maryland is the consistent flow of renters. Each academic year brings thousands of new students, visiting professors, and university employees seeking off-campus housing. This built-in demand means fewer vacancies and reliable income year-round.
In addition to student renters, you’ll also find faculty members, graduate students, and university staff looking for long-term leases. Many of these tenants prefer modern apartments or updated single-family homes within a few miles of the campus.
By investing in College Park, you’re tapping into one of the most stable and predictable rental markets in the Washington, D.C. metro area.
3. Focus on Amenities and Maintenance
Today’s renters — especially students and young professionals — expect convenience and comfort. Properties near restaurants, cafes, grocery stores, and public transportation will always attract more interest. College Park’s Route 1 corridor is thriving with new developments like The Hall CP, MilkBoy, and College Park Grill, which cater to both students and parents visiting the area.
When managing a rental property, responsive maintenance and upgrades go a long way toward tenant retention. Consider investing in durable finishes, reliable appliances, and smart home features like keyless entry or energy-efficient systems. These improvements can help you command higher rents and build long-term equity.
4. Work With a Local Real Estate Expert
Partnering with a College Park real estate agent who knows the student housing market can help you identify the best opportunities and avoid costly mistakes. Local professionals understand neighborhood trends, rental rates, and the nuances of property management in a university town.
Final Thoughts
Buying a rental property in College Park, Maryland is more than an investment — it’s an opportunity to own real estate in a vibrant, growing community anchored by the University of Maryland. With steady demand, strong local amenities, and a proven rental market, College Park offers excellent potential for both short-term cash flow and long-term appreciation.
If you’re ready to invest, focus on location, property quality, and tenant needs — and you’ll quickly see why College Park is one of the best places in Maryland to own a rental property.