Property Prices in Laurel, MD, United States

Index
Price to Income Ratio:	1.71
Mortgage as Percentage of Income:	15.58%
Loan Affordability Index:	6.42
Price to Rent Ratio - City Centre:	5.11
Price to Rent Ratio - Outside of Centre:	6.29
Gross Rental Yield (City Centre):	19.56%
Gross Rental Yield (Outside of Centre):	15.90%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	1,600.00 $	1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre	1,400.00 $	1,200.00-1,600.00
Apartment (3 bedrooms) in City Centre	2,500.00 $	2,000.00-3,000.00
Apartment (3 bedrooms) Outside of Centre	2,850.00 $	2,700.00-3,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	156.00 $
Price per Square Feet to Buy Apartment Outside of Centre	189.00 $
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	5,416.67 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.70

These data are based on 12 entries in the past 18 months from 2 different contributors.
Last update: September 2024

Sources and References

Nearby cities:

Property Prices in College Park, Maryland	9.88 miles
Property Prices in Bowie, Maryland	10.34 miles
Property Prices in Columbia, Maryland	11.40 miles
Property Prices in Silver Spring, Maryland	14.61 miles
Property Prices in Chevy Chase, Maryland	18.10 miles
Property Prices in Rockville, Maryland	18.50 miles
Property Prices in Bethesda, Maryland	20.44 miles
Property Prices in Baltimore, Maryland	21.38 miles
Property Prices in Washington, District of Columbia	23.42 miles
Property Prices in Annapolis, Maryland	25.57 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	64,600.00
GDP Growth Rate:	1.94%
Population Growth Rate:	0.68%