What is the average home price in Laurel, MD 20707?

As of May '26, the median home price in Laurel, MD 20707 is $414,000, based on Zillow home estimates.

How have home prices in Laurel, MD 20707 changed over the past year?

As of May '26, home prices have decreased 1.9% over the past year, according to Zillow home estimates data.

What is the home price projection for Laurel, MD 20707?

As of May '26, Zillow projects home prices in Laurel, MD 20707 to decrease 0.3% in the next year.

What are the demographics of Laurel, MD 20707?

According to the latest Census, the demographics of Laurel, MD 20707 are 17.4% White, 47.1% Black, 10.5% Asian, 19.8% Hispanic. The population is 36,500, with 22.5% under 18 years old.

How long does it take homes to sell in Laurel, MD 20707?

According to Realtor.com, as of May '26, the median home in Laurel, MD 20707 is on the market for 24 days. This is an increase of 12.0% from last year.

What is the average rent price in Laurel, MD 20707?

The average rent price in Laurel, MD 20707, as of the latest data, is $2,120. The average rent for 1 bedroom homes is $1,560. For 2, 3, and 4 bedroom homes, the average rent is $2,030, $2,830, and $3,130 respectively.

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Laurel, MD—20707

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$414,000

1.9% YoY Growth

Household Income

$104,000

30.5% YoY Growth

Days on Market

12.0% Longer YoY

Home Price Forecast

-0.3%

Median Rent

$1,940

0.5% YoY Growth

1-Bed Rent

$1,550

15.7% YoY Growth

2-Bed Rent

$2,000

11.0% YoY Growth

3-Bed Rent

$2,700

10.5% YoY Growth

Other Zip Codes in Laurel, MD

20763 20724 20708 20723

Home Price Trends — Laurel, MD

As of May '26, the median home price in Laurel, MD is $414,000, with a year-over-year change of -1.9%. This indicates that home prices in Laurel, MD are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$414,000	-1.9%
Single Family	$460,000	-1.5%
Condos	$250,000	-4.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$415,000	4.0%
Listing Count	113	21.0%
Listings as % of Homes	0.4%	21.0%
Days on Market	24	12.0%

Metric	Latest Census	YoY % Change
Population	36,500	12.3%
% Under 18	22.5%	-2.2%
% Seniors	13.7%	11.4%
% WFH	14.9%	365.6%
% w/ College Degree	45.3%	4.1%

Metric	Zip Code Average
Total Loan Originations	557
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

Total Units under HUD	178
Total Units Section 8	170
% Rentals under Section 8	2.5%
% Occupied Section 8	94.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$450	$1,550	$2,000
2 Bedroom	$250	$2,000	$2,250
3 Bedroom	$110	$2,700	$2,810
4 Bedroom	$320	$3,000	$3,320

Laurel, MD—20707

Key Metrics at a Glance

Other Zip Codes in Laurel, MD

Home Price Trends — Laurel, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Laurel, MD

% of Rental Stock

Property Listings — Laurel, MD

Demographics — Laurel, MD

Race and Ethnicity

Mortgage and Risk — Laurel, MD

Mortgages

Rentals and Section 8 — Laurel, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Laurel, MD

Home Price to Income Ratio

Laurel, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Laurel, MD

Burtonsville, MD

Beltsville, MD

Laurel, MD

Fulton, MD

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$1,940	$2,120
Studio Rent	$1,370	$1,400
1 Bed Rent	$1,550	$1,560
2 Bed Rent	$2,000	$2,030
3 Bed Rent	$2,700	$2,830
4 Bed Rent	$3,000	$3,130

Metric	Latest Census	5-Year % Change
% White	17.4%	-36.7%
% Black	47.1%	5.1%
% Hispanic	19.8%	27.7%
% Asian	10.5%	12.9%
% Foreign Born	31.1%	13.9%

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$414,000
Median Household Income	$104,000