What is the average home price in Laurel, MD 20724?

As of May '26, the median home price in Laurel, MD 20724 is $470,000, based on Zillow home estimates.

How have home prices in Laurel, MD 20724 changed over the past year?

As of May '26, home prices have decreased 0.8% over the past year, according to Zillow home estimates data.

What is the home price projection for Laurel, MD 20724?

As of May '26, Zillow projects home prices in Laurel, MD 20724 to decrease 0.2% in the next year.

What are the demographics of Laurel, MD 20724?

According to the latest Census, the demographics of Laurel, MD 20724 are 24.0% White, 43.0% Black, 6.5% Asian, 24.2% Hispanic. The population is 18,700, with 22.0% under 18 years old.

How long does it take homes to sell in Laurel, MD 20724?

According to Realtor.com, as of May '26, the median home in Laurel, MD 20724 is on the market for 42 days. This is an increase of 0.0% from last year.

What is the average rent price in Laurel, MD 20724?

The average rent price in Laurel, MD 20724, as of the latest data, is $2,570. The average rent for 1 bedroom homes is $1,440. For 2, 3, and 4 bedroom homes, the average rent is $2,390, $3,180, and $3,620 respectively.

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Laurel, MD—20724

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$470,000

0.8% YoY Growth

Household Income

$110,000

6.2% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

-0.2%

Median Rent

$2,680

7.9% YoY Growth

1-Bed Rent

$1,560

32.7% YoY Growth

2-Bed Rent

$2,500

19.5% YoY Growth

3-Bed Rent

$3,150

11.6% YoY Growth

Other Zip Codes in Laurel, MD

20763 20708 20723 20707

Home Price Trends — Laurel, MD

As of May '26, the median home price in Laurel, MD is $470,000, with a year-over-year change of -0.8%. 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 Type	Median Home Value	YoY % Change
All Homes	$470,000	-0.8%
Single Family	$479,000	-1.0%
Condos	$307,000	-3.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$535,000	-9.0%
Listing Count	102	20.0%
Listings as % of Homes	0.4%	20.0%
Days on Market	42	0.0%

Metric	Latest Census	YoY % Change
Population	18,700	5.3%
% Under 18	22.0%	-9.5%
% Seniors	6.7%	0.0%
% WFH	16.7%	255.3%
% w/ College Degree	48.1%	10.8%

Metric	Zip Code Average
Total Loan Originations	347
% Conventional Loans	63.0%
% Government Loans	37.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

Total Units under HUD	55
Total Units Section 8	55
% Rentals under Section 8	1.4%
% Occupied Section 8	83.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$690	$1,560	$2,250
2 Bedroom	$250	$2,500	$2,750
3 Bedroom	$390	$3,150	$3,540
4 Bedroom	$100	$3,850	$3,950

Laurel, MD—20724

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

Fort George G Mead Junction, MD

Geraghty Village, MD

Laurel, MD

Laurel, MD

Jessup, MD

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$2,680	$2,570
Studio Rent	N/A	N/A
1 Bed Rent	$1,560	$1,440
2 Bed Rent	$2,500	$2,390
3 Bed Rent	$3,150	$3,180
4 Bed Rent	$3,850	$3,620

Metric	Latest Census	5-Year % Change
% White	24.0%	-18.9%
% Black	43.0%	-13.0%
% Hispanic	24.2%	93.6%
% Asian	6.5%	6.6%
% Foreign Born	23.7%	3.0%

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$470,000
Median Household Income	$110,000