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Laurel city, MD

ZIP 20707 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 20707

Median Home Value
$411,200
Median Rent
$1,723
Affordability Snapshot
$113,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,641/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 20707 in Laurel city, MD, a household would need roughly $113,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,641. That is roughly in line with the local median household income ($104,093). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
55.0%-16% vs US avg
x
Vacancy Rate
5.5%-47% vs US avg
x
Broadband Access
97.2%+12% vs US avg
x
4+ Bedrooms
5.9%-60% vs US avg
x
Built Pre-1939
2.6%-80% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
19.4%-61% vs US avg
x
Mortgage-Free
17.8%-53% vs US avg
x
$411,200
Home Value
$1,723
Rent
1984
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached33.7%
  • 1-unit attached26.0%
  • 2-9 units9.2%
  • 10+ units31.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$411,200
Median rent$1,723
Owner-occupied55.0%
Vacant5.5%
Price-to-income4.0x
Est. income to buy$113,000