Laurel, MD is a great place to purchase a house. According to recent data, the median value of homes in Laurel is $413,800, which is higher than the US House Median Value of $338,100. This indicates that housing in Laurel is of higher quality than the national average. Additionally, in the last year the US House Appreciation was 8.27% while the House Appreciation in Laurel was 6.91%, indicating that housing prices have increased at a slightly slower rate than the national average. This makes Laurel an attractive option for potential home buyers who are looking for quality, affordable housing options.
The median home cost in Laurel is $413,800. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Laurel is up 10.7%.
Average Age of Homes
- The median age of Laurel real estate is 35 years old
The Rental Market in Laurel
- Renters make up 49.7% of the Laurel population
- 2.6% of houses and apartments in Laurel, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.