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Laurel, MD Real Estate


According to census data in the year 2000 there were 9,548 housing units in Laurel. This represents a 5.5% growth from 9,049 in 1990.

Of those housing units, 9,548 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Laurel is about 49.9%. Laurel's vacancy rate, including seasonal lodging, is about 5.8%. Average household size is 2.21 people.

The majority of houses, apartments or condos in Laurel were built after 1979.

Statistics

Housing Size

Housing Units by Size
Studio Type3.20%
One Bedroom28.50%
Two Bedrooms29%
Three Bedrooms31.40%
Four Bedrooms6.90%
Five Bedrooms or more1%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1982
Median Value of occupied units$126,400
Median Price asked for vacant units$111,800

Rented Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1975
Median Monthly Rent asked for vacant units$647

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.20%
Home Equity Loan11.90%
Simple Mortgage68.80%
Debt Free12.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs22.5%