The housing market in Laurel, IA is quite strong, with the median value of houses being $169,100. This is significantly lower than the US House Median Value of $338,100 but has actually seen a higher 1 year appreciation rate at 10.80%, compared to the US average of 8.27%. Homeowners in Laurel have been seeing their investments increase in value over the past year and this trend looks likely to continue due to strong local demand for housing.
The median home cost in Laurel is $169,100. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Laurel is up 16.4%.
Average Age of Homes
- The median age of Laurel real estate is 61 years old
The Rental Market in Laurel
- Renters make up 26.3% of the Laurel population
- 3.5% 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.