Housing in Laurel, IN is an attractive option for those looking for affordable real estate. The median value of homes in the city is much lower than the median value of homes in the US, at $163,700 compared to $338,100. It also has a very similar 1 year house appreciation rate to the national average with 8.27%. This makes it a great choice for those interested in buying property in an area that is still seeing growth and appreciation.
The median home cost in Laurel is $163,700. Home appreciation the last 10 years has been 66.4%. Home Appreciation in Laurel is up 14.6%.
Average Age of Homes
- The median age of Laurel real estate is 75 years old
The Rental Market in Laurel
- Renters make up 23.3% of the Laurel population
- 1.4% 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.