The housing market in Laurel, DE is on the rise, with a median value of $245,900. This value is much lower than the US House median value of $338,100, but also implies that house prices may be more affordable for potential buyers in comparison to other parts of the nation. Over the past year, appreciation rates for homes in Laurel have been 11.37%, significantly higher than the national average of 8.27%. This suggests that those looking to invest in property in Laurel can expect good returns and capitalize on potential future growth.
The median home cost in Laurel is $245,900. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Laurel is up 17.3%.
Average Age of Homes
- The median age of Laurel real estate is 44 years old
The Rental Market in Laurel
- Renters make up 38.9% of the Laurel population
- 2.5% 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.