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Laurel Park

Learn about the people, housing, costs and businesses in Laurel Park, North Carolina

Median Home$430,271
Median Rent$1,358/month
Population2,472
Leading IndustriesTransportation · Education · Public Administration4% transportation
Home Value Growth⬆⬆+18.0% over 2 years
Retirees34% of residentstop 4% nationally
Homeowners80% of occupied units
NotableHighly Educated32% bachelor's · 18% graduate · top 6% nationally
Laurel Park
NC

Frequently Asked Questions

What are today's mortgage rates in Laurel Park?

As of today, the 30-year fixed mortgage rate for Laurel Park is approximately 6.866% (6.901% 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 Park?

The median home value in Laurel Park is $430k. The median monthly rent is $1,358. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Laurel Park?

Home values in Laurel Park have increased 18.0% 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 Park?

Based on a typical all-in ownership cost of $1,265/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Laurel Park is $84k/year.

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What industries drive the economy in Laurel Park?

The largest employment sectors in Laurel Park are public administration (29%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.