Home Price Key
Affordable
Average
Expensive
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 $212,756, lower than the Virginia average of $323,261.
The average cost of rent is $1,223/mo in Laurel, primarily driven by the current value of real estate in the Laurel area. While nearly 28.02% of residents own their homes outright in Laurel, 51.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Laurel is $5,356 per month. Households that rent pay about 22.84% of their income on rent here. Laurel's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Lakeside, VA: equally priced homes
- Glen Allen, VA: higher priced homes
- Innsbrook, VA: higher priced homes
- Chamberlayne, VA: higher priced homes
- Tuckahoe, VA: higher priced homes
- Poindexters, VA: higher priced homes
- Short Pump, VA: higher priced homes
- Wyndham, VA: higher priced homes
- Richmond, VA: higher priced homes
- Ashland, VA: higher priced homes
Cities with Similar Populations
- Lafollette, TN: less expensive homes
- McCordsville, IN: higher priced homes
- Mastic, NY: higher priced homes
- Mars, PA: higher priced homes
- Marion, AR: less expensive homes
- Marianna, FL: less expensive homes
- Marco Island, FL: higher priced homes
- Lincoln, IL: less expensive homes
- Las Vegas, NM: less expensive homes
- Las Carolinas, PR: equally priced homes
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