Similar to its surrounding areas, it is a bit less expensive compared to the rest of the nation. It is close to average compared to the city of Baltimore.
Home prices
The price of the median home in Laurel is $157,000. Compared to its surrounding areas this is is very similar.In comparison to the country as a whole it is approximately $60,500 (27%) lower, and compared to the city of Baltimore is approximately $3,100 (1%) lower.
Rents
Laurel's median rent is $775 per month. Compared to other places in this area it is approximately $151 (16%) lower.Compared to the entire country it is approximately $287 (27%) lower, and in comparison to the city of Baltimore is about $298 (27%) lower.
Nearby places
Blades
Blades is about 4 miles north from Laurel. Housing prices there are pretty similar. The median home price in Blades is $154,700, which is $2,300 (1%) lower than Laurel. The rent there is somewhat more expensive. In Blades the median rent is $1,045 per month, which works out to $270 (25%) higher than Laurel.
Seaford
Seaford is approximately 6 miles north of Laurel. Real estate prices there are somewhat more expensive. Seaford's median home cost is $170,300, which comes out to $13,300 (7%) higher than Laurel. Rent there is somewhat more expensive. Seaford's median monthly rent is $859, which is $84 (9%) higher than Laurel.
Delmar
Delmar is approximately 7 miles south of Laurel. The real estate prices there are a bit less expensive. The median home in Delmar is valued at $148,100, which is $8,900 (6%) lower than Laurel. Rent there is fairly similar. The median monthly rent in Delmar is $774, which is very similar to Laurel.
Sharptown
Sharptown is approximately 7 miles west of Laurel. Housing prices there are fairly similar. The median home in Sharptown costs $154,500, which comes out to $2,500 (1%) lower than Laurel. Rent there is a little more expensive. In Sharptown the median monthly rent is $870, which is $95 (10%) higher than Laurel.
Delmar
Delmar is approximately 8 miles south from Laurel. Its real estate prices are similar. The value of the median home in Delmar is $154,300, which works out to $2,700 (1%) lower than Laurel. Rents there are somewhat more expensive. Delmar's median monthly rent is $1,083, which comes out to $308 (28%) higher than Laurel.
