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West Laurel

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

Median Home$561,400
Median Rent$2,143/month
Population4,406
Leading IndustriesArts, Food & Hospitality · Healthcare · Education17% arts, food & hospitality
Home Value Growth+7.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners96% of occupied units
NotableHigh Incomes$163k/year · top 3% nationally
NotableHighly Educated25% bachelor's · 17% graduate · top 18% nationally
West Laurel
MD

Frequently Asked Questions

What are today's mortgage rates in West Laurel?

As of today, the 30-year fixed mortgage rate for West Laurel is approximately 6.844% (6.878% 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 West Laurel?

The median home value in West Laurel is $561k. The median monthly rent is $2,143. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Laurel?

Home values in West Laurel have increased 7.4% over the past two years. This represents moderate growth. 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 West Laurel?

Based on a typical all-in ownership cost of $2,765/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $119k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Laurel is $163k/year.

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What industries drive the economy in West Laurel?

The largest employment sectors in West Laurel are healthcare (20%) and arts, food, and hospitality (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.