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North Laurel CDP, MD

ZIP 20723 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 20723

Median Home Value
$508,000
Median Rent
$1,855
Affordability Snapshot
$140,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,263/mo PITI).

17%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

22.8 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 20723 in North Laurel CDP, MD, a household would need roughly $140,000 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 $3,263. That is roughly in line with the local median household income ($129,870). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.6%+6% vs US avg
x
Vacancy Rate
3.9%-62% vs US avg
x
Broadband Access
97.2%+12% vs US avg
x
4+ Bedrooms
9.7%-35% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
14.7%-71% vs US avg
x
Mortgage-Free
25.3%-34% vs US avg
x
$508,000
Home Value
$1,855
Rent
1992
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached44.4%
  • 1-unit attached30.8%
  • 2-9 units5.9%
  • 10+ units17.8%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$508,000
Median rent$1,855
Owner-occupied69.6%
Vacant3.9%
Price-to-income3.9x
Est. income to buy$140,000