Laurel, MS—39440
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Laurel, MS
Home Price Trends — Laurel, MS
As of Nov '25, the median home price in Laurel, MS is $106,000, with a year-over-year change of -1.6%. This indicates that home prices in Laurel, MS are decreasing. According to Zillow, the 1-year price projection is -3.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $106,000 | -1.6% |
| Single Family | $105,000 | -3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $160,000 | -0.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Laurel, MS
As of July '25, Rentcast reports the average rent in Laurel, MS is $1,170, with a year-over-year rent change of -15.8%. Per bedroom, the median rent as of July '25 in Laurel, MS is 1-bedrooms: $1,170, 2-bedrooms: $1,030, 3-bedrooms: $1,540. The most common rental property sizes in Laurel, MS are 2-bedroom and 3-bedroom, accounting for 43.9% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,170 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,170 | $1,170 |
| 2 Bed Rent | $850 | $1,030 |
| 3 Bed Rent | $950 | $1,540 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Laurel, MS
As of Nov '25, Realtor.com reports that the median days on market for a home in Laurel, MS is 83. This is a increase of 15.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $215,000 | 6.0% |
Listing Count | 68 | 5.0% |
| Listings as % of Homes | 0.6% | 5.0% |
Days on Market | 83 | 15.0% |
Demographics — Laurel, MS
As of the latest ACS Survey released in 2023, Laurel, MS has a population of 20,100, which has decreased by -3.6% over the past 5 years. Laurel, MS is a popular place for families, as children make up 26.7% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,100 | -3.6% |
% Under 18 | 26.7% | -1.8% |
% Seniors | 14.0% | -10.3% |
% WFH | 4.8% | 200.0% |
% w/ College Degree | 20.3% | -10.2% |
As of the latest ACS Survey released in 2023, Laurel, MS is a predominantly black area, with 63.1% of the population identifying as black. The black population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Laurel, MS is white, making up 29.7% of the population. Foreign-born residents account for 3.1% of the population in Laurel, MS, and this percentage has decreased by 48.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 29.7% | 1.4% |
% Black | 63.1% | 1.3% |
% Hispanic | 6.2% | -6.1% |
% Asian | 0.6% | -40.0% |
% Foreign Born | 3.1% | -48.3% |
Mortgage and Risk — Laurel, MS
According to HUD data as of 2023, there were 257 mortgage originations in Laurel, MS, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, MS. 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 | 257 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Laurel, MS
Laurel, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 999 |
Total Units Section 8 | 554 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,170 | $780 |
| 2 Bedroom | $170 | $850 | $1,020 |
| 3 Bedroom | $280 | $950 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Laurel, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $106,000 |
| Median Household Income | $38,700 |