Laurel, MD—20707
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 $414,000, with a year-over-year change of 1.6%. This indicates that home prices in Laurel, MD are increasing. According to Zillow, the 1-year price projection is -0.5%, 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 | 1.6% |
| Single Family | $460,000 | 1.3% |
| Condos | $256,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $210,000 | 0.5% |
2 Bed | $294,000 | 0.0% |
3 Bed | $408,000 | 0.5% |
4 Bed | $545,000 | 1.3% |
| 5 Bed | $605,000 | 0.8% |
% of Housing Stock
Rental Trends — Laurel, MD
As of July '25, Rentcast reports the average rent in Laurel, MD is $2,120, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Laurel, MD is studios: $1,400, 1-bedrooms: $1,560, 2-bedrooms: $2,030, 3-bedrooms: $2,830, 4-bedrooms: $3,130. The most common rental property sizes in Laurel, MD are 2-bedroom and 1-bedroom, accounting for 37.8% and 36.2% of the rental stock.
| 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 |
% 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 39. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | -6.0% |
Listing Count | 103 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 39 | 1.0% |
Demographics — Laurel, MD
As of the latest ACS Survey released in 2023, Laurel, MD has a population of 36,500, which has increased by 12.3% over the past 5 years. Laurel, MD is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 45.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| 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% |
As of the latest ACS Survey released in 2023, Laurel, MD is a predominantly black area, with 47.1% of the population identifying as black. The black population has grown by 5.1% in the last 5 years. The second most common race or ethnicity in Laurel, MD is hispanic, making up 19.8% of the population. Foreign-born residents account for 31.1% of the population in Laurel, MD, and this percentage has increased by 13.9% 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 | 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% |
Mortgage and Risk — Laurel, MD
According to HUD data as of 2023, there were 557 mortgage originations in Laurel, MD, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, MD. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| 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% |
Loan Activity
Rentals and Section 8 — Laurel, MD
As of 2024, the percent of homes in Laurel, MD under the Section 8 program is 2.5%. 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 | 178 |
Total Units Section 8 | 170 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| 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 |
Affordability — Laurel, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $414,000 |
| Median Household Income | $104,000 |