Laurel, MD—20723
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 $581,000, with a year-over-year change of 1.2%. This indicates that home prices in Laurel, MD are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $581,000 | 1.2% |
| Single Family | $598,000 | 0.8% |
| Condos | $403,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $332,000 | 0.6% |
3 Bed | $484,000 | 1.0% |
4 Bed | $697,000 | 0.1% |
| 5 Bed | $875,000 | 0.2% |
% of Housing Stock
Rental Trends — Laurel, MD
As of July '25, Rentcast reports the average rent in Laurel, MD is $3,040, with a year-over-year rent change of 38.8%. Per bedroom, the median rent as of July '25 in Laurel, MD is 1-bedrooms: $1,660, 2-bedrooms: $2,180, 3-bedrooms: $3,130, 4-bedrooms: $3,630. The most common rental property sizes in Laurel, MD are 2-bedroom and 3-bedroom, accounting for 58.7% and 19.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,660 |
| 2 Bed Rent | $2,140 | $2,180 |
| 3 Bed Rent | $3,100 | $3,130 |
| 4 Bed Rent | $3,700 | $3,630 |
% 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 41. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $639,000 | 5.0% |
Listing Count | 87 | 21.0% |
| Listings as % of Homes | 0.3% | 21.0% |
Days on Market | 41 | -1.0% |
Demographics — Laurel, MD
As of the latest ACS Survey released in 2023, Laurel, MD has a population of 36,300, which has increased by 3.5% over the past 5 years. Laurel, MD is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 60.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,300 | 3.5% |
% Under 18 | 24.4% | -12.2% |
% Seniors | 12.6% | 61.5% |
% WFH | 23.2% | 293.2% |
% w/ College Degree | 60.4% | 12.1% |
As of the latest ACS Survey released in 2023, Laurel, MD is a predominantly white area, with 35.6% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Laurel, MD is black, making up 29.9% of the population. Foreign-born residents account for 25.3% of the population in Laurel, MD, and this percentage has increased by 0.8% 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 | 35.6% | -8.5% |
% Black | 29.9% | 3.1% |
% Hispanic | 12.6% | 53.7% |
% Asian | 16.3% | -17.7% |
% Foreign Born | 25.3% | 0.8% |
Mortgage and Risk — Laurel, MD
According to HUD data as of 2023, there were 679 mortgage originations in Laurel, MD, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, MD. Investor activity is low, as 0.0% 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 | 679 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% 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 1.8%. 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 | 70 |
Total Units Section 8 | 70 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $570 | $1,450 | $2,020 |
| 2 Bedroom | $340 | $2,140 | $2,480 |
| 3 Bedroom | $90 | $3,100 | $3,190 |
| 4 Bedroom | -$130 | $3,700 | $3,570 |
Affordability — Laurel, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $581,000 |
| Median Household Income | $130,000 |