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  4. /Laurel, MT - 59044

Laurel, MT—59044

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$382,000
1.0% YoY Growth
Household Income
$86,000
42.5% YoY Growth
Days on Market
24
4.0% Shorter YoY
Home Price Forecast
1.8%
Median Rent
$1,100
10.6% YoY Growth
1-Bed Rent
$925
32.9% YoY Growth
2-Bed Rent
$1,100
1.7% YoY Growth
3-Bed Rent
$1,500
2.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Laurel, MT

As of May '26, the median home price in Laurel, MT is $382,000, with a year-over-year change of 1.0%. This indicates that home prices in Laurel, MT are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$382,0001.0%
Single Family $384,0001.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $208,000
    3.5%
    2 Bed
    		$284,0001.1%
    3 Bed
    		$373,0001.6%
    4 Bed
    		$459,0001.8%
    5 Bed $601,1910.9%
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    % of Housing Stock

    Studio
    3.2%
    1 Bedroom
    7.6%
    2 Bedrooms
    16.8%
    3 Bedrooms
    34.5%
    4 Bedrooms
    20.9%
    5+ Bedrooms
    16.9%

    Rental Trends — Laurel, MT

    As of July '25, Rentcast reports the average rent in Laurel, MT is $1,180, with a year-over-year rent change of -10.6%. Per bedroom, the median rent as of July '25 in Laurel, MT is 1-bedrooms: $1,090, 2-bedrooms: $1,160, 3-bedrooms: $1,500. The most common rental property sizes in Laurel, MT are 3-bedroom and 2-bedroom, accounting for 35.8% and 22.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,100$1,180
    Studio Rent N/AN/A
    1 Bed Rent $925$1,090
    2 Bed Rent $1,100$1,160
    3 Bed Rent $1,500$1,500
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    11.4%
    1 Bedroom
    20.2%
    2 Bedrooms
    22.5%
    3 Bedrooms
    35.8%
    4 Bedrooms
    10.2%

    Property Listings — Laurel, MT

    As of May '26, Realtor.com reports that the median days on market for a home in Laurel, MT is 24. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter 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
    		$482,000-2.0%
    Listing Count
    		40-6.0%
    Listings as % of Homes0.5%-6.0%
    Days on Market
    		24-4.0%
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    Demographics — Laurel, MT

    As of the latest ACS Survey released in 2023, Laurel, MT has a population of 12,500, which has increased by 5.1% over the past 5 years. Laurel, MT is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,5005.1%
    % Under 18
    		23.3%-6.0%
    % Seniors
    		14.8%-20.4%
    % WFH
    		9.7%86.5%
    % w/ College Degree
    		26.7%9.9%
    Loading chart...

    As of the latest ACS Survey released in 2023, Laurel, MT is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Laurel, MT is hispanic, making up 4.6% of the population. Foreign-born residents account for 1.7% of the population in Laurel, MT, and this percentage has increased by 142.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.5%-6.1%
    % Black
    		0.3%-62.5%
    % Hispanic
    		4.6%64.3%
    % Asian
    		1.5%∞%
    % Foreign Born
    		1.7%142.9%
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    Mortgage and Risk — Laurel, MT

    According to HUD data as of 2023, there were 173 mortgage originations in Laurel, MT, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Laurel, MT. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		173
    % Conventional Loans
    		68.0%
    % Government Loans
    		32.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Laurel, MT

    Laurel, MT lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		118
    Total Units Section 8
    		118
    % Rentals under Section 8
    		6.0%
    % Occupied Section 8
    		74.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$115$925$1,040
    2 Bedroom$250$1,100$1,350
    3 Bedroom$360$1,500$1,860
    4 BedroomN/AN/A$2,090

    Affordability — Laurel, MT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$382,000
    Median Household Income$86,000

    Laurel, MT — ZIP Code Boundary Map

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    Frequently Asked Questions