North Laurel, MD Real Estate
According to census data in the year 2000 there were 7,475 housing units in North Laurel.
This represents a 28% growth from 5,842 in 1990.
Of those housing units, 7,471 were located in either urbanized areas or urban clusters, and 4 were located in what is classified as a rural area.
Homeownership rate in North Laurel is about 71.1%.
North Laurel's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.83 people.
The majority of houses, apartments or condos in North Laurel were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 10.80% |
| Two Bedrooms | 23.30% |
| Three Bedrooms | 31.40% |
| Four Bedrooms | 27.30% |
| Five Bedrooms or more | 6.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.97 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $184,100 |
| Median Price asked for vacant units | $126,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $806 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 12.10% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 68.60% |
| Debt Free | 8.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
