Laurel, MD—20763
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 $484,000, 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 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $484,000 | 0.9% |
| Single Family | $486,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $453,000 | 0.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Laurel, MD
As of July '25, Rentcast reports the average rent in Laurel, MD is $2,200, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Laurel, MD is 1-bedrooms: $1,670, 2-bedrooms: $1,860, 3-bedrooms: $3,050, 4-bedrooms: $3,100. The most common rental property sizes in Laurel, MD are 2-bedroom and 1-bedroom, accounting for 40.6% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,640 | $1,670 |
| 2 Bed Rent | $1,750 | $1,860 |
| 3 Bed Rent | $3,050 | $3,050 |
| 4 Bed Rent | $3,100 | $3,100 |
% 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 19. This is a increase of 55.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | -28.0% |
Listing Count | 8 | 111.0% |
| Listings as % of Homes | 0.3% | 111.0% |
Days on Market | 19 | 55.0% |
Demographics — Laurel, MD
As of the latest ACS Survey released in 2023, Laurel, MD has a population of 2,320, which has increased by 9.8% over the past 5 years. Laurel, MD is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 50.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,320 | 9.8% |
% Under 18 | 21.2% | 8.7% |
% Seniors | 8.4% | -35.4% |
% WFH | 17.4% | 132.0% |
% w/ College Degree | 50.2% | 79.9% |
As of the latest ACS Survey released in 2023, Laurel, MD is a predominantly white area, with 51.6% of the population identifying as white. The white population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Laurel, MD is black, making up 37.5% of the population. Foreign-born residents account for 11.4% of the population in Laurel, MD, and this percentage has increased by 2.7% 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 | 51.6% | -13.9% |
% Black | 37.5% | 39.9% |
% Hispanic | 4.4% | -38.0% |
% Asian | 3.8% | -30.9% |
% Foreign Born | 11.4% | 2.7% |
Mortgage and Risk — Laurel, MD
Laurel, MD lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Laurel, MD
As of 2024, the percent of homes in Laurel, MD under the Section 8 program is 1.3%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Laurel, MD, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,640 | $1,890 |
| 2 Bedroom | $570 | $1,750 | $2,320 |
| 3 Bedroom | -$60 | $3,050 | $2,990 |
| 4 Bedroom | $240 | $3,100 | $3,340 |
Affordability — Laurel, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $484,000 |
| Median Household Income | $119,000 |