Laurel, MT—59044
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Laurel, MT
As of Oct '25, the median home price in Laurel, MT is $367,000, with a year-over-year change of 0.7%. This indicates that home prices in Laurel, MT are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $367,000 | 0.7% |
| Single Family | $368,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $200,000 | 0.5% |
2 Bed | $270,000 | 0.4% |
3 Bed | $360,000 | 0.6% |
4 Bed | $442,000 | 0.0% |
| 5 Bed | $581,000 | -0.3% |
% of Housing Stock
Rental Trends — Laurel, MT
As of July '25, Rentcast reports the average rent in Laurel, MT is $1,180, with a year-over-year rent change of -10.6%. Per bedroom, the median rent as of July '25 in Laurel, MT is 1-bedrooms: $1,090, 2-bedrooms: $1,160, 3-bedrooms: $1,500. The most common rental property sizes in Laurel, MT are 3-bedroom and 2-bedroom, accounting for 35.8% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $1,090 |
| 2 Bed Rent | $1,100 | $1,160 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Laurel, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Laurel, MT is 70. This is a increase of 27.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 16.0% |
Listing Count | 50 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 70 | 27.0% |
Demographics — Laurel, MT
As of the latest ACS Survey released in 2023, Laurel, MT has a population of 12,500, which has increased by 5.1% over the past 5 years. Laurel, MT is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | 5.1% |
% Under 18 | 23.3% | -6.0% |
% Seniors | 14.8% | -20.4% |
% WFH | 9.7% | 86.5% |
% w/ College Degree | 26.7% | 9.9% |
As of the latest ACS Survey released in 2023, Laurel, MT is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Laurel, MT is hispanic, making up 4.6% of the population. Foreign-born residents account for 1.7% of the population in Laurel, MT, and this percentage has increased by 142.9% 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 | 88.5% | -6.1% |
% Black | 0.3% | -62.5% |
% Hispanic | 4.6% | 64.3% |
% Asian | 1.5% | ∞% |
% Foreign Born | 1.7% | 142.9% |
Mortgage and Risk — Laurel, MT
According to HUD data as of 2023, there were 173 mortgage originations in Laurel, MT, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, MT. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 173 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Laurel, MT
Laurel, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 118 |
Total Units Section 8 | 118 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $925 | $1,040 |
| 2 Bedroom | $250 | $1,100 | $1,350 |
| 3 Bedroom | $360 | $1,500 | $1,860 |
| 4 Bedroom | N/A | N/A | $2,090 |
Affordability — Laurel, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $367,000 |
| Median Household Income | $86,000 |