Zip lookup · MD

20724
Laurel, Maryland.

Laurel, Anne Arundel County, MD · Baltimore-Columbia-Towson, MD metro · population 19,369

What it costs per month · 20724 $2,430/mo

to buy the typical home at today's mortgage rate — +$1,178 (+94%) since Jan 2020.

What the home itself did
1 year
Down $2,820 -1%
$465,833$463,013 since Sep 2025
5 years
Up $61,777 +15%
$401,236$463,013 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 20724 $2,430 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 20724$2,430
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 24 years.

Typical home values in zip 20724 fell 0.6% over the past year — slower than the nation's +1.2%.

Asking rents in zip 20724 rose 4.1% over the past year — faster than the nation's +2.7%.

Owning the typical home in zip 20724 runs $799/mo more than renting one. The gap peaked at $1,064 in Jan 2025.

That is $3,252 a month against $2,453 rent: a $2,430 mortgage payment, plus $326 property tax and $496 insurance & upkeep.

Owning vs renting — zip 20724

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,500 $2,000 $2,500 $3,000 2022 2023 2024 2025 2026 Owning all in $3,252 Renting $2,453 Mortgage only $2,430
$1,500 $2,000 $2,500 $3,000 2022 2024 2026
  • Owning all in$3,252
  • Renting$2,453
  • Mortgage only$2,430

Property tax · $326/mo 0.85% of value a year — the ACS 2020-2024 median bill over the median home value for Anne Arundel County, MD

Insurance & upkeep · $496/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Laurel, MD — measured over the city limits, which is a different area from this zip.

Asking rent $2,453 as of Sep 2026
+4.1%year on year
Typical home value $463,013 as of Sep 2026
-0.6%year on year

Asking rent — 20724

Against the Baltimore-Columbia-Towson, MD metro and the national benchmark.

$1,750 $2,000 $2,250 $2,500 2022 2023 2024 2025 2026 20724 $2,453 Baltimore $1,937 United States $1,932
$1,750 $2,000 $2,250 $2,500 2022 2024 2026
  • 20724$2,453
  • Baltimore$1,937
  • United States$1,932

Typical home value — 20724

Mid-tier homes, smoothed and seasonally adjusted.

$250,000 $300,000 $350,000 $400,000 $450,000 2018 2020 2022 2024 2026 20724 $463,013 Baltimore $396,959 United States $366,157
$250,000 $300,000 $350,000 $400,000 $450,000 2018 2022 2026
  • 20724$463,013
  • Baltimore$396,959
  • United States$366,157

Within 20 miles

Showing 30 of 133 zips in range — sorting picks from all 133.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
3.4 20701 Annapolis Junction 513 $2,415 —
3.4 20708 Laurel 27,593 $1,653 $480,603
4.3 20763 Savage 2,601 — $485,150
4.4 21113 Odenton 36,705 $2,481 $464,884
4.9 20794 Jessup 16,814 $2,147 $486,441
5.1 20707 Laurel 37,278 $1,989 $404,226
5.6 20723 Laurel 36,866 $2,134 $578,114
5.8 20720 Bowie 25,015 $3,374 $569,004
6.4 20705 Beltsville 28,713 $1,671 $449,990
6.5 20769 Glenn Dale 6,947 — $634,104
6.7 21144 Severn 37,118 $2,234 $515,300
7.0 21046 Columbia 15,608 $1,952 $514,796
7.0 20715 Bowie 26,915 $2,596 $482,825
7.1 21076 Hanover 24,268 $2,632 $531,302
7.3 21077 Harmans 63 — $453,599
7.4 21054 Gambrills 16,386 $2,790 $605,815
7.5 21114 Crofton 25,590 $2,439 $489,023
7.5 20770 Greenbelt 28,384 $2,096 $267,923
8.0 20866 Burtonsville 15,986 $2,500 $454,175
8.6 20706 Lanham 42,612 $2,137 $428,395
8.8 21075 Elkridge 37,363 $2,379 $481,968
8.9 21045 Columbia 40,034 $2,252 $476,394
9.0 20759 Fulton 6,624 — $994,204
9.1 21108 Millersville 18,643 $2,217 $611,693
9.3 20740 College Park 36,847 $2,132 $431,632
10.0 20868 Spencerville 198 — $747,587
10.2 21061 Glen Burnie 57,230 $1,713 $375,161
10.2 20904 Silver Spring 58,646 $1,946 $576,041
10.3 21044 Columbia 44,114 $2,332 $537,079
10.4 20784 Hyattsville 33,831 $1,601 $368,059

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.