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These days, finding an affordable place to live in the Laurel area can be challenging. Home prices in Laurel are now at a median cost of $428,102, lower than the Maryland average of $450,578.
The average cost of rent is $2,032/mo in Laurel, primarily driven by the current value of real estate in the Laurel area. In Laurel, 43.81% of households rent, and 24.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Laurel is $9,892 per month. Households that rent pay about 20.55% of their income on rent here. Laurel’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Scaggsville, MD: higher priced homes
- South Laurel, MD: equally priced homes
- Maryland City, MD: equally priced homes
- Burtonsville, MD: higher priced homes
- Savage, MD: less expensive homes
- Beltsville, MD: equally priced homes
- Fulton, MD: higher priced homes
- Annapolis Junction, MD: equally priced homes
- Fairland, MD: higher priced homes
- Calverton, MD: equally priced homes
Cities with Similar Populations
- Clifton Park, NY: less expensive homes
- Stanton, CA: higher priced homes
- Essex, MD: less expensive homes
- Elmwood Park, IL: less expensive homes
- Ellenwood, GA: less expensive homes
- Elkton, MD: less expensive homes
- Eagle Mountain, UT: higher priced homes
- Dunedin, FL: less expensive homes
- Williamsport, PA: less expensive homes
- Chatsworth, CA: higher priced homes
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