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Laurel Bay

Learn about the people, housing, costs and businesses in Laurel Bay, South Carolina

Median Home$238,850
Median Rent$1,505/month
Population5,444
Leading IndustriesManufacturing · Agriculture & Mining · Healthcare3% manufacturing
Home Value Growth⬆⬆⬆+43.3% over 2 years
Family-Friendly31% of residentstop 3% nationally
Renters65% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Laurel Bay
SC

Frequently Asked Questions

What are today's mortgage rates in Laurel Bay?

As of today, the 30-year fixed mortgage rate for Laurel Bay is approximately 6.914% (6.951% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Laurel Bay?

The median home value in Laurel Bay is $239k. The median monthly rent is $1,505. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Laurel Bay?

Home values in Laurel Bay have increased 43.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Laurel Bay?

Based on a typical all-in ownership cost of $1,442/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Laurel Bay is $63k/year.

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What industries drive the economy in Laurel Bay?

The largest employment sectors in Laurel Bay are public administration (21%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.