Surrounding submarket Area
Laurel, Maryland is a part of the Laurel Submarket submarket area, and contains 7 zip codes, including: 20726, 20708, 20723, 20725, 20724, and 20707.
Laurel Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Laurel, MD submarket area was $1,564, which is 14.83% higher than 2014 average rent. This represents a compounded annual growth rate of 2.80%. 2019 vacancy in Laurel, MD was 4.60%.
The total population of the city of Laurel, MD has grown 2.42% since 2010. As of 2018, the population was 25,723. The median household income of the Laurel was $75,268, which is 24.84% higher than the national average.
- submarket area Laurel Submarket
- avg rent $1,564
- rent growth 14.83%
- vacancy 4.60%
- median income $75,268
- population (2018) 25,723
- population growth 2.42%
- vs. nat'l avg 24.84%
- zip codes 20707 20708 20709 20723 20724 20725 20726
