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North Laurel

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

Median Home$455,002
Median Rent$2,084/month
Population26,001
Leading IndustriesArts, Food & Hospitality · Healthcare · Education14% arts, food & hospitality
Home Value Growth⬆⬆+17.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners61% of occupied units
NotableHigh Incomes$139k/year · top 5% nationally
NotableHighly Educated31% bachelor's · 17% graduate · top 7% nationally
North Laurel
MD

Frequently Asked Questions

What are today's mortgage rates in North Laurel?

As of today, the 30-year fixed mortgage rate for North Laurel is approximately 6.852% (6.886% 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 North Laurel?

The median home value in North Laurel is $455k. The median monthly rent is $2,084. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Laurel?

Home values in North Laurel have increased 17.4% 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 North Laurel?

Based on a typical all-in ownership cost of $2,251/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $96k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in North Laurel is $139k/year.

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What industries drive the economy in North Laurel?

The largest employment sectors in North Laurel are public administration (24%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.