Laurel, DE—19956
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Laurel, DE
As of Oct '25, the median home price in Laurel, DE is $300,000, with a year-over-year change of -0.4%. This indicates that home prices in Laurel, DE are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | -0.4% |
| Single Family | $300,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | -0.4% |
3 Bed | $325,000 | 1.9% |
4 Bed | $364,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Laurel, DE
As of July '25, Rentcast reports the average rent in Laurel, DE is $1,880, with a year-over-year rent change of 13.9%. Per bedroom, the median rent as of July '25 in Laurel, DE is 2-bedrooms: $1,120, 3-bedrooms: $2,180. The most common rental property sizes in Laurel, DE are 2-bedroom and 3-bedroom, accounting for 42.4% and 36.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $1,120 |
| 3 Bed Rent | $2,250 | $2,180 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Laurel, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Laurel, DE is 80. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | 4.0% |
Listing Count | 57 | -9.0% |
| Listings as % of Homes | 0.7% | -9.0% |
Days on Market | 80 | 26.0% |
Demographics — Laurel, DE
As of the latest ACS Survey released in 2023, Laurel, DE has a population of 16,300, which has increased by 10.1% over the past 5 years. Laurel, DE is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 15.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 10.1% |
% Under 18 | 26.4% | -2.6% |
% Seniors | 16.7% | 12.8% |
% WFH | 3.9% | -18.8% |
% w/ College Degree | 15.7% | 7.5% |
As of the latest ACS Survey released in 2023, Laurel, DE is a predominantly white area, with 67.7% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Laurel, DE is black, making up 16.6% of the population. Foreign-born residents account for 9.4% of the population in Laurel, DE, and this percentage has increased by 88.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.7% | -5.8% |
% Black | 16.6% | -20.2% |
% Hispanic | 13.7% | 191.5% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 9.4% | 88.0% |
Mortgage and Risk — Laurel, DE
According to HUD data as of 2023, there were 254 mortgage originations in Laurel, DE, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, DE. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 254 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Laurel, DE
Laurel, DE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 283 |
Total Units Section 8 | 242 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 82.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | $320 | $850 | $1,170 |
| 3 Bedroom | -$750 | $2,250 | $1,500 |
| 4 Bedroom | N/A | N/A | $1,840 |
Affordability — Laurel, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $300,000 |
| Median Household Income | $59,100 |