Laurel, MD—20708
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Laurel, MD
As of Oct '25, the median home price in Laurel, MD is $485,000, with a year-over-year change of 2.1%. This indicates that home prices in Laurel, MD are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $485,000 | 2.1% |
| Single Family | $508,000 | 1.8% |
| Condos | $250,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | 0.3% |
3 Bed | $399,000 | 0.3% |
4 Bed | $541,000 | 1.3% |
| 5 Bed | $584,000 | 1.0% |
% of Housing Stock
Rental Trends — Laurel, MD
As of July '25, Rentcast reports the average rent in Laurel, MD is $1,930, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Laurel, MD is studios: $1,390, 1-bedrooms: $1,590, 2-bedrooms: $1,710, 3-bedrooms: $2,390, 4-bedrooms: $3,740. The most common rental property sizes in Laurel, MD are 2-bedroom and 1-bedroom, accounting for 44.1% and 33.4% of the rental stock.
| 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 |
% of Rental Stock
Property Listings — Laurel, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Laurel, MD is 44. This is a increase of 125.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $566,000 | 5.0% |
Listing Count | 53 | 88.0% |
| Listings as % of Homes | 0.5% | 88.0% |
Days on Market | 44 | 125.0% |
Demographics — Laurel, MD
As of the latest ACS Survey released in 2023, Laurel, MD has a population of 26,600, which has decreased by -1.8% over the past 5 years. Laurel, MD is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| 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% |
As of the latest ACS Survey released in 2023, Laurel, MD is a predominantly black area, with 60.8% of the population identifying as black. The black population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Laurel, MD is hispanic, making up 20.3% of the population. Foreign-born residents account for 31.6% of the population in Laurel, MD, and this percentage has increased by 1.9% 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 | 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% |
Mortgage and Risk — Laurel, MD
According to HUD data as of 2023, there were 242 mortgage originations in Laurel, MD, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, MD. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| 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% |
Loan Activity
Rentals and Section 8 — Laurel, MD
As of 2024, the percent of homes in Laurel, MD under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Laurel, MD, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 259 |
Total Units Section 8 | 209 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| 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 |
Affordability — Laurel, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $485,000 |
| Median Household Income | $83,500 |