📢 Big News for College Park!
We’re excited to share that College Park has been ranked as the 6th fastest-growing city in the entire nation by the New York Times, based on housing growth over the past decade. 🏗️🌍
This growth brings more than just new buildings — it reflects real, measurable benefits for our community:
✅ Stronger Local Economy: Our growing and vibrant population is shopping at our stores, dining in our restaurants, and supporting our local economy every day. In the past year alone, nearly 20 new businesses have moved to or opened in College Park, drawn by this exciting momentum.
✅ Smarter Traffic Solutions: Much of this housing growth is due to new student housing, which helps University of Maryland students live closer to campus. This has helped reduce car traffic on Route 1, made our streets safer, and created a more walkable, connected community.
✅ Higher Tax Base — Without Raising Taxes: Our total property tax base has increased by nearly $850 million over the past five years — a whopping 28% increase. That means more revenue for the City without raising the tax rate, allowing us to roll out better services, enhanced amenities, and more community programs for residents.
✅ More Diverse and Modern Housing Options: In addition to student housing, this growth includes new non-student apartments, affordable housing, and a broader diversity of housing types. These developments help meet the needs of families, professionals, and retirees — making College Park a more inclusive and welcoming place for people from all walks of life.
We’re committed to ensuring it remains thoughtful, inclusive, and beneficial to all — both longtime residents and new neighbors.
Let’s continue shaping a thriving, welcoming, and forward-looking College Park — together. 💙💛
Source: https://www.hyattsvillewire.com/2025/03/24/college-park-student-housing-spree/
