Laurel, MD—20724
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 $462,000, with a year-over-year change of 0.8%. This indicates that home prices in Laurel, MD are flat. 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 | $462,000 | 0.8% |
| Single Family | $472,000 | 0.4% |
| Condos | $310,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $346,000 | 0.3% |
3 Bed | $471,000 | 0.0% |
4 Bed | $529,000 | 0.2% |
| 5 Bed | $609,000 | 0.0% |
% of Housing Stock
Rental Trends — Laurel, MD
As of July '25, Rentcast reports the average rent in Laurel, MD is $2,570, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Laurel, MD is 1-bedrooms: $1,440, 2-bedrooms: $2,390, 3-bedrooms: $3,180, 4-bedrooms: $3,620. The most common rental property sizes in Laurel, MD are 2-bedroom and 3-bedroom, accounting for 44.8% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,680 | $2,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,560 | $1,440 |
| 2 Bed Rent | $2,500 | $2,390 |
| 3 Bed Rent | $3,150 | $3,180 |
| 4 Bed Rent | $3,850 | $3,620 |
% 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 increase of 47.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $546,000 | 2.0% |
Listing Count | 87 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 41 | 47.0% |
Demographics — Laurel, MD
As of the latest ACS Survey released in 2023, Laurel, MD has a population of 18,700, which has increased by 5.3% over the past 5 years. Laurel, MD is a moderately popular place for families, as children make up 22.0% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,700 | 5.3% |
% Under 18 | 22.0% | -9.5% |
% Seniors | 6.7% | 0.0% |
% WFH | 16.7% | 255.3% |
% w/ College Degree | 48.1% | 10.8% |
As of the latest ACS Survey released in 2023, Laurel, MD is a predominantly black area, with 43.0% of the population identifying as black. The black population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Laurel, MD is hispanic, making up 24.2% of the population. Foreign-born residents account for 23.7% of the population in Laurel, MD, and this percentage has increased by 3.0% 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 | 24.0% | -18.9% |
% Black | 43.0% | -13.0% |
% Hispanic | 24.2% | 93.6% |
% Asian | 6.5% | 6.6% |
% Foreign Born | 23.7% | 3.0% |
Mortgage and Risk — Laurel, MD
According to HUD data as of 2023, there were 347 mortgage originations in Laurel, MD, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 52.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Laurel, MD
As of 2024, the percent of homes in Laurel, MD under the Section 8 program is 1.4%. 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. In Laurel, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 55 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $690 | $1,560 | $2,250 |
| 2 Bedroom | $250 | $2,500 | $2,750 |
| 3 Bedroom | $390 | $3,150 | $3,540 |
| 4 Bedroom | $100 | $3,850 | $3,950 |
Affordability — Laurel, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $462,000 |
| Median Household Income | $110,000 |