Laurel, NY has an extremely high median value for housing compared to the US median value. It is more than double in comparison, showing that Laurel is a very exclusive and affluent area. This year, the appreciation rates for homes in Laurel have been higher than the national average at 13.07%, illustrating that the demand for housing in this area is on the rise. The level of wealth and demand in this area makes it an attractive and desirable place to purchase a home.
The median home cost in Laurel is $829,800. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Laurel is up 16.1%.
Average Age of Homes
- The median age of Laurel real estate is 45 years old
The Rental Market in Laurel
- Renters make up 4.0% of the Laurel population
- 0.0% 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.