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Prince George's County, MD

RANK #771 / 996  ·  POP 957,189  ·  MD

PROJECTED GROWTH: -0.3%

Prince George's County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Prince George's County?

Greenbelt, a historic planned community, offers a glimpse into Prince George's County's distinctive character. Located just east of Washington, D.C., the county provides various commute options, including 15 Metrorail stations, MARC train service, and numerous bus routes, making it accessible for those working in the capital or Baltimore. The county features a mix of urban, suburban, and rural landscapes, with parks like Watkins Regional Park and Patuxent Research Refuge providing extensive opportunities for hiking, biking, fishing, and boating. This blend of accessibility and natural scenery contributes to the community's appeal.

Life in the county often involves families and individuals seeking proximity to Washington, D.C., without the higher housing costs of the city. Prince George's County Public Schools operates a large district with numerous elementary, middle, and high schools. The economy is experiencing growth, driven by investments in commercial and residential developments, data centers, and infrastructure projects like the Purple Line light rail. Federal government operations, healthcare, and technology sectors also contribute to the economic landscape, with institutions like the University of Maryland, College Park, and NASA Goddard Space Flight Center located within the county.

[02] Market Snapshot

Housing Ratio
7.2x

Overvalued relative to economy

GDP Growth
+4.6%

Well above national median

Home Prices
-0.4%

Prices declining

Climate & Terrain
-0.6

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 7.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Prince George's County U.S. National

The Numbers

DEMOGRAPHICS
Population
957,189
-0.06% YoY
Median Household Income
$97,935
Median Home Value
$380,500
-0.39% 12mo
Median Rent
$1,713
Average Annual Pay
$73,373
+2.6% YoY
Employment
329,476
+3.4% YoY
Income-to-Home-Value
0.2574
More affordable than average
Migration Inflow
2.08%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$440,000
Days on Market
67
Slower market
Months of Supply
3.8
Balanced market
Sale-to-List Ratio
99.2%
Near asking price
Sold Above List
30.7%
Listings w/ Price Drops
20.0%
Building Permits (2024)
1,473
Single-Family Permits
1,473

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$17,331M
TOTAL
PROJECT AMOUNT STATUS
Purple Line Light Rail Transit System
Maryland Transit Administration
$9,600M Under Construction
Brightseat Tech Park Data Center Campus
Brightseat Associates LLC (Lerner Enterprises)
$5,000M Planned
Carillon Mixed-Use Development
Kite Realty Group Trust
$1,000M Planned
PSEG Keys Energy Center
PSEG
$831M Operating
New Carrollton Mixed-Use Development
Urban Atlantic and Brookfield Properties
$500M Under Construction
Chalk Point Reliability Storage LLC Battery Energy Storage System
Chalk Point Reliability Storage LLC
$400M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.6% 80 percentile
Population Growth -0.1% 27 percentile
Income Growth +7.5% 26 percentile
Vacancy Rate 1.1% 52 percentile
Home Price Change -0.4% 27 percentile
Rent Growth +1.0% 20 percentile
Price/Rent 16x 27 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Prince George's County, MD a good place to move to?

Prince George's County has a Boom Town Index score of 23/100, ranking #771 among 996 U.S. counties. With job growth at +3.4% and a median household income of $97,935, it faces some economic headwinds compared to faster-growing counties.

Is Prince George's County affordable?

The median home value in Prince George's County is $380,500 with median rent at $1,713/month. The income-to-home-value ratio is 0.2574, which is more affordable than the national average.

Is Prince George's County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +3.4%. Home values changed -0.4% in the past 12 months.

Are people moving to Prince George's County?

Yes — 2.08% of Prince George's County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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