Data Spell Out Depth of Foreclosure Crisis in Prince George's
The north end of the county has generally fared better, but more than 4% of homes received notices last quarter in some towns.
Data from the second quarter of 2012 spell out the depth of the housing crisis across much of Prince George's County, with more than 4 percent of homes in some zip codes receiving foreclosure notices between April and June of this year.
The figures, published by Maryland’s Department of Labor, Licensing and Regulation and compiled into an interactive map by NeighborhoodInfo DC, show particularly high rates in a band running through the center of the county.
Hardest-hit is zip code 20747 (Forestville), where 4.95 percent of homes received a notice of intent to foreclose from a bank in Q2. Close behind it are zip code 20716 (Bowie) at 4.34 percent and zip code 20785 (Landover) at 4.11 percent.
Measured by amount to cure—or the median amount that loans are behind when a notice is received—zip code 20613 (Brandywine) tops the list at $7,044. Mount Rainier is also deeply affected, with a median cure amount of $6,053.
Towns at the north end of the county tended to fare better. In Q2, just 1.10 percent of homes received a notice in zip code 20740 (College Park), along with 2.46 percent in 20737 (Riverdale Park/East Riverdale) and 1.42 percent in zip code 20782 (Hyattsville/University Park).
See below for a roundup of local figures, visit NeighborhoodInfo DC for an interactive map of the data, and check out the Urban Institute's MetroTrends Blog for more on foreclosures in Prince George's County.
| Zip Code | Total No. of Residences | Pct. Receiving Notice | Median Amt. to Cure | Avg. Days Past Due |
| 20740 (College Park) | 6,541 | 1.10% | $4,553 | 64 |
| 20737 (Riverdale Park/East Riverdale) | 3,746 | 2.46% | $4,584 | 54 |
| 20782 (Hyattsville/University Park) | 5,923 | 1.42% | $5,034 | 74 |
| 20781 (Hyattsville) | 2,594 | 2.16% | $5,179 | 85 |
| 20705 (Beltsville) | 6,288 | 1.96% | $4,982 | 56 |
| 20770 (Greenbelt) | 4,474 | 2.19% | $3,904 | 61 |
John Coctostin
7:29 pm on Thursday, September 6, 2012
Couldn't help but notice how the biggest minority areas have the highest default rates.
SF
11:54 am on Friday, September 7, 2012
It's not clear what point you are trying to make. But I couldn't help but notice that maybe your mind saw what it wanted to see. Bowie is certainly not one of the biggest minority areas (unless of course you are referring to their disproportionately large population of white people, which would be a minority in our county).
It is true that people of color have been disproportionately hard hit by the housing crisis. People of color, in general, have lost a much greater share of their net worth than whites. Mostly because housing crashed, and housing was all we had. And because job losses have affected people of color more as well.
Phoenix Group -MD
7:19 pm on Friday, September 7, 2012
As a housing expert I am very concerned about these numbers quoted from DLLR. In 2011, Forestville 20747 had a NOI rate of 25.7 to suggest today it would be only 4.95 is scary; Bowie 20716 was 21.8 and now 4.34; Landover was 21.4 and now 4.11. Did the Banks put everyone out? I would challenge you to do an editorial on how many modifications were done. Surely not enough!! This is a sad state of affairs
PG-MD
Evict JackAss Obama
12:32 am on Sunday, September 9, 2012
Why dwell on insignificant aberrations between zip codes when the bottom line is all of these stats belong to P.G. County, which is otherwise known as the arm pit of the Washington D.C. metro area. By the way, if Obama is evicted by the voters this November, there are going to be a lot more distress sales in PG County during the next year too and many more of those will occur in upscale neighborhoods, but the only problem is, the influx of new staffers into D.C. will never find PG County to offer a desirable lifestyle, so get ready for another deep spiral downward for real estate values in PG County, Maryland. p.s. You can run from the truth, but you can't change it.