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Laurel Hill

Learn about the people, housing, costs and businesses in Laurel Hill, Virginia

Median Home$778,614
Median Rent$2,632/month
Population8,544
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services17% arts, food & hospitality
Home Value Growth+10.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners77% of occupied units
NotableHighly Educated37% bachelor's · 24% graduate · top 2% nationally
NotableHigh Incomes$166k/year · top 3% nationally
Laurel Hill
VA

Frequently Asked Questions

What are today's mortgage rates in Laurel Hill?

As of today, the 30-year fixed mortgage rate for Laurel Hill is approximately 6.808% (6.841% 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 Hill?

The median home value in Laurel Hill is $779k. The median monthly rent is $2,632. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Laurel Hill?

Home values in Laurel Hill have increased 10.6% 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 Hill?

Based on a typical all-in ownership cost of $2,845/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $122k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Laurel Hill is $166k/year.

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What industries drive the economy in Laurel Hill?

The largest employment sectors in Laurel Hill are public administration (21%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.