Zip 47024 (Laurel, IN) Housing

The housing market in Laurel, IN (zip code 47024) is currently healthy. The median value of a home in Laurel is $172,700, which is lower than the national median of $338,100. However, the appreciation rate for homes in Laurel over the last year has been 8.27%, mirroring the national rate of 8.27%. This shows that while homes may be more affordable in Laurel compared to other places, they are still increasing in value at a steady rate. Investing in a home in Laurel could be a great opportunity to gain equity and experience steady growth in their investment.

The median home cost in Laurel (zip 47024) is $172,700. Home appreciation the last 10 years has been 66.4%. Home Appreciation in Laurel (zip 47024) is up 14.6%.

Average Age of Homes

- The median age of Laurel (zip 47024) real estate is 36 years old

The Rental Market in Laurel (zip 47024)

- Renters make up 20.2% of the Laurel (zip 47024) population
- 0.3% of houses and apartments in Laurel (zip 47024), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Laurel, Indiana	United States
	1,350.0	139,647,020.0
	32	42
	$172,700	$338,100
	14.6%	16.6%
	48.5%	57.0%
	66.4%	101.1%
	$8.26	$10.98
	$683	$2,690
	69.8%	57.4%
	8.5%	11.2%
	21.7%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	2.6%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	4.6%	2.6%
	10.1%	2.4%
	6.5%	2.8%
	27.1%	3.9%
	10.6%	4.5%
	17.5%	11.3%
	11.3%	13.0%
	6.6%	20.1%
	2.8%	13.6%
	0.0%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.9%	0.2%
	15.3%	13.6%
	15.3%	13.6%
	28.4%	13.6%
	7.5%	13.2%
	15.5%	14.8%
	28.4%	13.6%
	7.3%	10.0%
	0.7%	4.7%
	12.6%	12.2%

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