The housing market in South Laurel, MD is quite strong. The median value of homes in the area stands at $431,100, which is significantly higher than the national median of $338,100. Despite this high cost of living, homes have appreciated by 6.91% over the last year, which is slightly lower than the national rate of 8.27%. This indicates that real estate in South Laurel remains a sound investment for those looking to purchase a home in the area.
The median home cost in South Laurel is $431,100. Home appreciation the last 10 years has been 86.5%. Home Appreciation in South Laurel is up 10.7%.
Average Age of Homes
- The median age of South Laurel real estate is 39 years old
The Rental Market in South Laurel
- Renters make up 52.6% of the South Laurel population
- 2.9% of houses and apartments in South 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.