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City · 29,798 residents · Prince George's County, Maryland

Laurel , Maryland

In Laurel, a typical home is worth $385,500 and typical rent is $1,873 a month. Compared with all of Prince George's County, the typical home value is 10% lower and the share of households that own their home is 18 points lower.

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  • Typical home value

    $385,500

    10% below the county

    8% below Maryland

    • Laurel
    • Prince George's
    • Maryland

  • Typical rent

    $1,873a month

    4% above the county

    10% above Maryland

    • Laurel
    • Prince George's
    • Maryland

  • Typical household income

    $100,504a year

    About the same as the county

    3% below Maryland

    • Laurel
    • Prince George's
    • Maryland

  • Households that own their home

    44%

    18 points below the county

    23 points below Maryland

    • Laurel
    • Prince George's
    • Maryland

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$468,676
0.7% less than 12 months ago
Typical rent
$1,938 a month
2.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Laurel is in Prince George's County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Prince George's County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Laurel apart

What this place has that others do not, from public data, most unusual first.

  1. 44% of households in Laurel own their home, against 62% in Prince George's County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Laurel

What homes there are in Laurel, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

There are more apartments in Laurel than in Prince George's County: 46% of homes, against 31%.

Year built

Here half of the homes date from 1985 or later; in Prince George's County, from 1977 or later.

In Laurel, 30% of homes have 1 bedroom or none (studios); 44% have 3 bedrooms or more, against 64% in Prince George's County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,311 a month

Prince George's County: $2,456 a month

Without a mortgage

$759 a month

Prince George's County: $823 a month

Owners with a mortgage

79%

Prince George's County: 78%

Owning costs less in Laurel: with a mortgage, the typical cost is $2,311 a month; in Prince George's County, $2,456. Without one, $759.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Laurel rose at about the same pace as in Prince George's County: 43% against 41%.

The typical rent in Laurel rose 20% since 2015–2019, about the same as in Prince George's County (22%).

To compare: typical income in Laurel rose 28%; the home, +43%; the rent, +20%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLaurelPrince George's CountyMarylandUnited States
Rental vacancy Unreliable estimate4.7%4.7%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room 7.1%5.1%2.5%3.4%
People per household 2.372.702.572.53
Drive alone 65%60%65%69%
Carpool 10%10%8%9%
Public transit 1%7%4%3%
Walk or bike 2%2%2%3%
Work from home 17%18%19%15%
Other means 4%3%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

More than one person per room: that is how 7.1% of households in Laurel live, more than in Prince George's County (5.1%).

Households in Laurel are smaller: 2.37 people on average; in Prince George's County, 2.70.

In Laurel, 65% of workers drive alone to work; in Prince George's County, 60%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Laurel?

A typical home costs more than the typical income allows

We start with a typical home in Laurel, worth $385,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Laurel, which is $100,504 a year. For that payment to be 28% of income, a household would need to earn about $140,332 a year.

The calculator's FHA and conventional loan limits are those of all of Prince George's County.

Your numbers

Local data
$

Starts at the typical home value in Laurel. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,493 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,274

at 7.18% · 30 years

Loan amount
$378,517
Total interest
$544,597
Paid off in
November 2056

Includes $6,510 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,345 a month

  • Tight

    $2,345 to $3,015 a month

  • Hard

    more than $3,015 a month

    Your payment · 39%

Compared with the typical household income in Laurel ($100,504 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,274
Principal & interest$2,564
Property tax$379
Home insurance$161
FHA mortgage insurance (MIP)$171

You need at least $13,493 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Laurel and Prince George's County

Laurel is in Prince George's County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Laurel's own numbers

Typical home value
$385,500
Typical monthly rent
$1,873
Typical yearly household income
$100,504
Households that own their home
44%
Effective property tax rate
1.18%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Prince George's County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,438
Price change over 5 years (FHFA)
+38%
Homes in a high flood-risk zone
0.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Prince George's County.

Everything about Prince George's County

Buying

Buying a home in Laurel

A typical home in Laurel is worth $385,500: 10% below the county and 8% below Maryland. With the typical household income in Laurel ($100,504 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Laurel 3.8 years
  • Prince George's 4.2 years
  • Maryland 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Prince George's County

According to FHFA’s house price index, home prices in Prince George's County rose 77% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Prince George's County.

Period County Maryland U.S.
Last year (2025) +2.8% +2.7% +2.9%
5 years (2020–2025) +38% +40% +47%
10 years (2015–2025) +77% +60% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Laurel next to Prince George's County, Maryland and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Laurel $385,500
  • Prince George's $426,000
  • Maryland $419,900
  • United States $332,700
Typical monthly rent
  • Laurel $1,873
  • Prince George's $1,799
  • Maryland $1,705
  • United States $1,413
Typical yearly household income
  • Laurel $100,504
  • Prince George's $101,798
  • Maryland $103,678
  • United States $80,734
See the full table
Laurel next to Prince George's County and Maryland
Measure Laurel Prince George's County Maryland U.S.
Typical home value $385,500 $426,000 $419,900 $332,700
Typical monthly rent $1,873 $1,799 $1,705 $1,413
Typical yearly household income $100,504 $101,798 $103,678 $80,734
Households that own their home 44% 62% 68% 65%
Typical yearly property tax $4,549 $4,771 $4,093 $3,119
Effective property tax rate 1.18% 1.12% 0.97% 0.94%
Renters with high rent for their income 45% 53% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Prince George's County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Laurel

For a typical $385,500 home in Laurel, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Laurel's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,274a month

    Least cash to close
    Down payment
    $13,493
    Cash to close
    $25,058
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $171

  • Conventional, 5% down $3,204a month

    Down payment
    $19,275
    Cash to close
    $30,840
    Rate
    7.18%
    Mortgage insurance
    PMI · $183

  • Conventional, 20% down, no PMI $2,629a month

    Down payment
    $77,100
    Cash to close
    $88,665
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,985a month

    Down payment
    $57,825
    Cash to close
    $69,390
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Laurel and for Prince George's County.

Property tax

Effective rate in Laurel

1.18%of the home’s value each year

$4,549 a year for the typical owner in Laurel.

  • Laurel 1.18%
  • Prince George's 1.12%
  • Maryland 0.97%

What Maryland publishes Homestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))

Exemptions and deadlines in Maryland

Flood risk in Prince George's County

FEMA does not publish these numbers by city: they are for all of Prince George's County.

Homes in the high-risk zone
0.4%
905
Of those, with NFIP insurance
—
County Maryland U.S.
Homes in the high-risk zone 0.4% 1.2% 3.5%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Laurel

Typical rent in Laurel is $1,873 a month: 4% above the county. In Laurel, 45% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Prince George's County, by unit size. To pay the 2-bedroom one ($2,438 a month) without spending more than 30% of your income, you would need to earn $46.88 an hour working full time.

HUD fair market rent for all of Prince George's County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,111 $40.60 $84,440
1 bedroom $2,204 $42.38 $88,160
2 bedrooms $2,438 $46.88 $97,520
3 bedrooms $3,107 $59.75 $124,280
4 bedrooms $3,658 $70.35 $146,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Laurel

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Laurel is in ZIP code 20707.

For 2 bedrooms it is $2,500: $62 more than the fair market rent for Prince George's County ($2,438).

  • 20707 $2,500$3,190

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Laurel when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Laurel

HUD lists 5 buildings with rents for lower incomes in Laurel. These are the largest.

  • Park View at Laurel I 9000 Briarcroft Ln, Laurel 20708 153 low-income homes · In service since 2011
  • Selborne House (LAUREL) 501 Main St, Laurel 20707 126 low-income homes · Studio: 3 · 1 bd: 121 · 4 bd: 1 · In service since 1998
  • Laurel Lakes Senior Housing 7901 Laurel Lakes Ct, Laurel 20707 125 low-income homes · 1 bd: 111 · 2 bd: 14 · In service since 2000 · For older adults
  • Kimberly Gardens 9158 Cherry Ln, Laurel 20708 50 low-income homes · Run by Housing Authority of Prince Georges County · Average payment: $705 a month · Average wait: 121 months (301) 883-5552
  • Laurelwood Mutual 1 11557 Laurelwalk Dr, Laurel 20708 10 low-income homes · For families (301) 362-1005

See all 109 buildings in Prince George's County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Laurel

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 7 HUD-approved agencies with an office in Prince George's County; 5 say they serve in Spanish.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Laurel

No down payment, repair or rent-help program on our list is for Laurel or Prince George's County. The ones below are statewide in Maryland: they work in Laurel the same as in the rest of the state.

Which programs do I qualify for? All programs in Maryland

  • MMP 1st Time Advantage

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • MMP Flex Loans

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • Maryland SmartBuy

    Statewide in Maryland

    Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Forgivable

    See the program Official page

Housing counselors near Laurel

The HUD-approved agencies closest to the center of Laurel, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Latino Economic Development Corporation

    12520 Prosperity Dr, Silver Spring · 6 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (202) 540-7426

  • Centro de Apoyo Familiar (CAF) MD

    6801 Kenilworth Ave Ste 110, Riverdale · 9 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (301) 328-3292

  • Seed - Sowing Empowerment & Economic Development , Inc.

    6201 Riverdale Rd, Riverdale · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (301) 458-9808

Every agency in Prince George's County All counseling agencies in Maryland

Help in Spanish near Laurel

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Laurel

In HUD’s record, no housing authority with an office in Prince George's County is named for Laurel or Prince George's County.

4 other authorities have an office in Prince George's County: see the list Source: HUD

Cities

Other cities in Prince George's County

These cities are also in Prince George's County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Prince George's County Housing in Maryland
See 39 more cities in Prince George's County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Laurel, with the typical home value.

Neighboring counties

If Prince George's County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Laurel.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Laurel

Short answers with the numbers for Laurel and all of Prince George's County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Laurel?

The typical home value in Laurel is $385,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Prince George's County it is $426,000.

How much does it cost to rent in Laurel?

Typical rent in Laurel is $1,873 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Prince George's County is $2,438.

What is the FHA loan limit in Laurel?

Laurel uses the FHA limit for all of Prince George's County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Laurel?

The typical homeowner in Laurel pays $4,549 a year, according to the U.S. Census Bureau. That is 1.18% of the home’s value; in Prince George's County, the rate is 1.12%.

Where can I find free help to buy or rent in Laurel?

There are 7 HUD-approved counseling agencies with an office in Prince George's County. 5 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).