October's First-Time Homebuyer Report for Laurel

The population of Laurel is growing about even with the rest of Maryland, at a 10-year growth rate of 18.7%. It's a larger than average city compared to the rest of the state, with 25,115 residents. With a median age of 27 years, homes in Laurel tend to be relatively old. The best school in the city is Vansville Elementary School.

Price Range

The median value of homes in Laurel is $243,500, making the area almost identical to others in Maryland. At the same time, the average list price of available homes is presently $272,164. In this week's report, the number of homes sold in the Laurel market dropped to 26 over the past 30 days. It marked a decrease of 10.3% from last week's report and a fall below the monthly average.

Make sure you take a look at these eye-catching homes in Laurel that generated the most views from potential buyers:

$289K   $365K   $235K  

Typical Dwelling

The typical dwelling in Laurel is a three-bedroom townhouse worth about $241,738. To purchase a similar home, a buyer with good credit and a $48,348 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,246 monthly payment. The property tax rate is $16.07 per $1,000 of taxable assessed value.

Get started right now by checking out Laurel homes for sale or reviewing Laurel real estate trends.


Data reported through 10/13/2016

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