Laurel, MD—20708

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$491,000

0.9% YoY Growth

Household Income

$83,500

12.2% YoY Growth

Days on Market

54.0% Longer YoY

Home Price Forecast

-1.0%

Median Rent

$1,710

9.0% YoY Growth

1-Bed Rent

$1,560

0.6% YoY Growth

2-Bed Rent

$1,670

5.0% YoY Growth

3-Bed Rent

$2,240

12.7% YoY Growth

Other Zip Codes in Laurel, MD

20763 20724 20723 20707

Home Price Trends — Laurel, MD

As of May '26, the median home price in Laurel, MD is $491,000, with a year-over-year change of 0.9%. This indicates that home prices in Laurel, MD are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$491,000	0.9%
Single Family	$515,000	0.6%
Condos	$252,000	-0.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Type	Median Rent	Average Rent
Average Rent	$1,710	$1,930
Studio Rent	$1,250	$1,390
1 Bed Rent	$1,560	$1,590
2 Bed Rent	$1,670	$1,710
3 Bed Rent	$2,240	$2,390
4 Bed Rent	$3,550	$3,740

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$580,000	0.0%
Listing Count	41	11.0%
Listings as % of Homes	0.5%	11.0%
Days on Market	43	54.0%

Metric	Latest Census	YoY % Change
Population	26,600	-1.8%
% Under 18	23.9%	-8.1%
% Seniors	10.7%	28.9%
% WFH	10.3%	202.9%
% w/ College Degree	40.7%	-4.0%

Metric	Latest Census	5-Year % Change
% White	12.4%	-21.0%
% Black	60.8%	-0.3%
% Hispanic	20.3%	31.0%
% Asian	3.5%	-39.7%
% Foreign Born	31.6%	1.9%

Metric	Zip Code Average
Total Loan Originations	242
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

Laurel, MD—20708

Key Metrics at a Glance

Other Zip Codes in Laurel, MD

Home Price Trends — Laurel, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Laurel, MD

% of Rental Stock

Property Listings — Laurel, MD

Demographics — Laurel, MD

Race and Ethnicity

Mortgage and Risk — Laurel, MD

Mortgages

Rentals and Section 8 — Laurel, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Laurel, MD

Home Price to Income Ratio

Laurel, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Laurel, MD

Glenn Dale, MD

Beltsville, MD

Greenbelt, MD

Bowie, MD

Frequently Asked Questions

Total Units under HUD	259
Total Units Section 8	209
% Rentals under Section 8	3.3%
% Occupied Section 8	94.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$370	$1,560	$1,930
2 Bedroom	$500	$1,670	$2,170
3 Bedroom	$470	$2,240	$2,710
4 Bedroom	-$350	$3,550	$3,200

Metric	Zip Code Average
Home Price to Income Ratio	5.4
Median Home Price	$491,000
Median Household Income	$83,500

Laurel, MD—20708

Key Metrics at a Glance

Other Zip Codes in Laurel, MD

Home Price Trends — Laurel, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Laurel, MD

% of Rental Stock

Property Listings — Laurel, MD

Demographics — Laurel, MD

Race and Ethnicity

Mortgage and Risk — Laurel, MD

Mortgages

Rentals and Section 8 — Laurel, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Laurel, MD

Home Price to Income Ratio

Laurel, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Laurel, MD

Glenn Dale, MD

Beltsville, MD

Greenbelt, MD

Bowie, MD

Frequently Asked Questions

What is the average home price in Laurel, MD 20708?

How have home prices in Laurel, MD 20708 changed over the past year?

What is the home price projection for Laurel, MD 20708?

What are the demographics of Laurel, MD 20708?

How long does it take homes to sell in Laurel, MD 20708?

What is the average rent price in Laurel, MD 20708?