Mortgage payment estimates, closing cost breakdowns, and homebuying data for Laurel, Maryland.
Pre-filled with Laurel median home price and Maryland tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maryland rates and fees applied to Laurel prices.
The median home price in Laurel is $395,000, 6% below the Maryland state median of $420,000. With a population of 29,567, Laurel is a smaller market where home prices tend to be more accessible than in many parts of Maryland.
Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $395,000 home in Laurel would carry roughly $359/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Laurel is $1,580/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Laurel presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.