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Laurel, MD—20708

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$490,000
0.5% YoY Growth
Household Income
$83,500
12.2% YoY Growth
Days on Market
43
54.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$1,710
9.0% YoY Growth
1-Bed Rent
$1,560
0.6% YoY Growth
2-Bed Rent
$1,670
5.0% YoY Growth
3-Bed Rent
$2,240
12.7% YoY Growth

Other Zip Codes in Laurel, MD

20763207242072320707
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Laurel, MD

As of May '26, the median home price in Laurel, MD is $490,000, with a year-over-year change of 0.5%. This indicates that home prices in Laurel, MD are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$490,0000.5%
Single Family $513,0000.2%
Condos $252,000-1.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$288,0000.3%
    3 Bed
    		$398,000-1.7%
    4 Bed
    		$548,0000.0%
    5 Bed $592,612-0.1%
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    % of Housing Stock

    Studio
    2.5%
    1 Bedroom
    22.8%
    2 Bedrooms
    32.2%
    3 Bedrooms
    20.9%
    4 Bedrooms
    15.7%
    5+ Bedrooms
    5.9%

    Rental Trends — Laurel, MD

    As of July '25, Rentcast reports the average rent in Laurel, MD is $1,930, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Laurel, MD is studios: $1,390, 1-bedrooms: $1,590, 2-bedrooms: $1,710, 3-bedrooms: $2,390, 4-bedrooms: $3,740. The most common rental property sizes in Laurel, MD are 2-bedroom and 1-bedroom, accounting for 44.1% and 33.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,710$1,930
    Studio Rent $1,250$1,390
    1 Bed Rent $1,560$1,590
    2 Bed Rent $1,670$1,710
    3 Bed Rent $2,240$2,390
    4 Bed Rent $3,550$3,740
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    % of Rental Stock

    Studio
    3.8%
    1 Bedroom
    33.4%
    2 Bedrooms
    44.1%
    3 Bedrooms
    15.7%
    4 Bedrooms
    1.6%
    5+ Bedrooms
    1.4%

    Property Listings — Laurel, MD

    As of May '26, Realtor.com reports that the median days on market for a home in Laurel, MD is 43. This is a increase of 54.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$580,0000.0%
    Listing Count
    		4111.0%
    Listings as % of Homes0.5%11.0%
    Days on Market
    		4354.0%
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    Demographics — Laurel, MD

    As of the latest ACS Survey released in 2023, Laurel, MD has a population of 26,600, which has decreased by -1.8% over the past 5 years. Laurel, MD is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		26,600-1.8%
    % Under 18
    		23.9%-8.1%
    % Seniors
    		10.7%28.9%
    % WFH
    		10.3%202.9%
    % w/ College Degree
    		40.7%-4.0%
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    As of the latest ACS Survey released in 2023, Laurel, MD is a predominantly black area, with 60.8% of the population identifying as black. The black population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Laurel, MD is hispanic, making up 20.3% of the population. Foreign-born residents account for 31.6% of the population in Laurel, MD, and this percentage has increased by 1.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		12.4%-21.0%
    % Black
    		60.8%-0.3%
    % Hispanic
    		20.3%31.0%
    % Asian
    		3.5%-39.7%
    % Foreign Born
    		31.6%1.9%
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    Mortgage and Risk — Laurel, MD

    According to HUD data as of 2023, there were 242 mortgage originations in Laurel, MD, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, MD. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		242
    % Conventional Loans
    		71.0%
    % Government Loans
    		29.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Laurel, MD

    As of 2024, the percent of homes in Laurel, MD under the Section 8 program is 3.3%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Laurel, MD, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		259
    Total Units Section 8
    		209
    % Rentals under Section 8
    		3.3%
    % Occupied Section 8
    		94.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$370$1,560$1,930
    2 Bedroom$500$1,670$2,170
    3 Bedroom$470$2,240$2,710
    4 Bedroom-$350$3,550$3,200

    Affordability — Laurel, MD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.4
    Median Home Price$490,000
    Median Household Income$83,500

    Laurel, MD — ZIP Code Boundary Map

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    Frequently Asked Questions