Laurel, IN—47024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Laurel, IN
As of Oct '25, the median home price in Laurel, IN is $228,000, with a year-over-year change of 1.1%. This indicates that home prices in Laurel, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | 1.1% |
| Single Family | $228,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | 2.4% |
3 Bed | $253,000 | 2.8% |
4 Bed | $316,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Laurel, IN
Laurel, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Laurel, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Laurel, IN is 131. This is a increase of 116.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $147,000 | -42.0% |
Listing Count | 21 | 63.0% |
| Listings as % of Homes | 0.4% | 63.0% |
Days on Market | 131 | 116.0% |
Demographics — Laurel, IN
As of the latest ACS Survey released in 2023, Laurel, IN has a population of 2,910, which has decreased by -12.9% over the past 5 years. Laurel, IN is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 5.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,910 | -12.9% |
% Under 18 | 24.1% | -12.4% |
% Seniors | 10.9% | 0.9% |
% WFH | 1.3% | -48.0% |
% w/ College Degree | 5.9% | 110.7% |
Laurel, IN lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.6% | -7.3% |
% Black | 0.7% | ∞% |
% Hispanic | 2.4% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Laurel, IN
According to HUD data as of 2023, there were 80 mortgage originations in Laurel, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, IN. Investor activity is low, as 1.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 80 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Laurel, IN
Laurel, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,290 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Laurel, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $228,000 |
| Median Household Income | $56,000 |