Zip 20707 (Laurel, MD) Housing

The housing market in 20707 Laurel, MD is performing quite well with a median value of $366,400. This is slightly higher than the US median value of $338,100 and shows some strength in the local market. In the past year, the US house appreciation has been 8.27%, while houses in 20707 Laurel have appreciated 6.91%. This is still significantly higher than the rate of inflation and indicates a healthy increase in home values for local residents.

The median home cost in Laurel (zip 20707) is $366,400. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Laurel (zip 20707) is up 10.7%.

Average Age of Homes

- The median age of Laurel (zip 20707) real estate is 35 years old

The Rental Market in Laurel (zip 20707)

- Renters make up 38.6% of the Laurel (zip 20707) population
- 2.3% of houses and apartments in Laurel (zip 20707), 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, Maryland	United States
	14,498.0	139,647,020.0
	37	42
	$366,400	$338,100
	10.7%	16.6%
	44.2%	57.0%
	86.5%	101.1%
	$13.37	$10.98
	$4,492	$2,690
	52.4%	57.4%
	6.7%	11.2%
	40.9%	31.4%
Vacant Housing
	2.3%	1.9%
	1.3%	0.4%
	0.8%	0.7%
	0.4%	0.4%
	0.4%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.4%	2.4%
	0.0%	2.8%
	0.6%	3.9%
	1.3%	4.5%
	4.3%	11.3%
	4.9%	13.0%
	25.6%	20.1%
	33.4%	13.6%
	13.8%	8.3%
	11.4%	9.7%
	1.3%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	1.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.5%	13.6%
	16.5%	13.6%
	6.8%	13.6%
	23.7%	13.2%
	15.9%	14.8%
	6.8%	13.6%
	8.7%	10.0%
	1.8%	4.7%
	6.2%	12.2%

Reviews for Laurel

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Kevin · Laurel, MD

Small town no longer

Over 18 years ago

Laurel officially is small but now is enclosed in a surrounding area that is more urban and is bringing more urban challenges. Traffic, property crime and cleanliness More