Laurel, Maryland.
Typical home $468,676 (-0.7% in a year), asking rent $1,938 (+2.6%). Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
to buy the typical home at today's mortgage rate — +$1,164 (+90%) since Jan 2020.
- 1 year
- Down $3,404 -1%
- $472,080$468,676 since Sep 2025
- 5 years
- Up $53,389 +13%
- $415,287$468,676 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.
- Laurel$2,460
- Maryland$2,230
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 29 years.
Typical home values in Laurel, MD fell 0.7% over the past year — slower than the nation's +1.2%.
Asking rents in Laurel, MD rose 2.6% over the past year — in step with the nation.
Owning the typical home in Laurel runs $1,461/mo more than renting one. The gap peaked at $1,566 in Jan 2025.
That is $3,399 a month against $1,938 rent: a $2,460 mortgage payment, plus $437 property tax and $502 insurance & upkeep.
Owning vs renting — Laurel
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.
- Owning all in$3,399
- Renting$1,938
- Mortgage only$2,460
Property tax · $437/mo 1.12% of value a year — the ACS 2020-2024 median bill over the median home value for Prince Georges County, MD
Insurance & upkeep · $502/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.
Living in Laurel, Prince George's County, Maryland
Laurel is a city of 30,060 people in Prince George's County. Half its households earn more than $100,504 a year and half less, against $101,798 across Prince George's County; 9% of its people live below the poverty line. 44% of its homes are lived in by their owners and 56% are rented. Unemployment in Laurel was 3.8% in August 2026, and Prince George's County had 0.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Laurel is a small city with a four-year degree held by a large share of its adults, and a population on the younger side. Incomes run close to the county's, though somewhat below, and more households rent than across much of the country, with most homes lived in by tenants rather than owners. Winters are cold, with January the coldest month, summers are hot, and rain and melted snow fall steadily through the year.
Work. Residents work mostly in schools, hospitals and social care, with professional and business services, government and retail also employing many. Among the largest workplaces in Laurel are the Food and Drug Administration, a hospital employer, and Lowe S of Laurel. Jobs across Prince George's County have slipped slightly over the past year, while unemployment in Laurel has eased from a year earlier. Commutes are fairly long, and a good number of people work from home.
Things to do. The museums and monuments of Washington are a longer drive away. The Smithsonian Institution is the best known of the museums, and the National Mall is a large park lined with memorials. Northwest Stadium, also a longer drive away, is the nearest big venue for football.
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- 12,476households
- 48%of adults have a degree
- 9%below the poverty line
- 31 mintypical commute
- 17%work from home
What residents work in
Employed residents by industry, from the Census survey. Prince George's County had 328,137 jobs in 2025, 0.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 43° and lows near 26°; warmest in July, with highs near 89° and lows near 69°. About 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Laurel West weather station, 2 miles away (NOAA).
Largest workplaces in Laurel
- ERP InternationalGeneral medical and surgical hospitals866
- Food and Drug AdministrationFederal government · Department of Health and Human Services175
- Lowe's Companies, INCHomecenter139
- Laurel Carrier AnnexMail and parcel delivery123
- Harris Teeter Supermarkets, Inc.Supermarkets and other grocery stores119
- Metro Site ServicesTemporary staffing services70
- CintasIndustrial launderers65
- TeeterHendricksCourier services56
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 11 workplaces with 20 or more staff, 1,605 people in all. Federal offices come from OPM's federal workforce data (2026). Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherrelatively high in parts of LaurelRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Laurel’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Prince George's County and the Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
Laurel home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Laurel$468,676
- Maryland$424,890
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Laurel listings, and the typical home goes pending in 18 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Laurel29.16%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Laurel18
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Laurel277
New listings per month
Sellers arriving at the market.
- Laurel97
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Laurel$480,490
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Laurel100.51%
Zip codes with a Laurel address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Laurel — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Laurel
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 20707 | Laurel | 37,278 | $1,989 | $404,226 |
| 20723 | Laurel | 36,866 | $2,134 | $578,114 |
| 20708 | Laurel | 27,593 | $1,653 | $480,603 |
| 20724 | Laurel | 19,369 | $2,453 | $463,013 |