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Area data

Laurel, MD — ZIP 20723

Population: 36,866 (Census ACS)

The median home value in ZIP 20723 (Laurel, MD) is $591,421 — down 0.6% over the past year. Homes sell for a median $429,245 after a median 238.5 days on market. Typical rent runs $2,268/month. 6 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with lightning, strongwind, winterweather the top-rated hazards. Cost of living is 8.0% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$591,421

Median home value

-0.6%

1-year change

238.5

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$591,421
1-year appreciation
-0.6%
3-year appreciation
+4.7%
5-year appreciation
+15.5%
10-year appreciation
+44.8%
All-time peak (2025-06)
$595,317
House Price Index (state)
367.5 (+0.7% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$429,245
Median list price
$426,495
Median price per sqft
$255
1-year sale-price change
-10.6%
Median days on market
238.5 days
Homes sold (recent period)
6
For-sale inventory
67
Sale-to-list ratio
98.8%
Active listings
5
1-year forecast
+0.1%
Days to pending
19 days
New listings (monthly)
31

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,268/mo
1-year rent change
-0.7%
Studio fair-market rent
$1,150/mo
1BR fair-market rent
$1,437/mo
2BR fair-market rent
$1,704/mo
3BR fair-market rent
$2,216/mo
4BR fair-market rent
$2,557/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Above Average)
108.0 (100 = US avg)
Electricity rate (state-level)
19.5¢/kWh
Natural gas rate (state-level)
$16.10/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
6
Elementary schools
4
Middle schools
2
High schools
0
Schools include
Forest Ridge Elementary, Hammond Elementary, Hammond Middle School, Laurel Woods Elementary, Murray Hill Middle

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
lightning, strongWind, winterWeather, drought, heatWave
Notable hazard ratings (county)
coldWave: Relatively Low · drought: Relatively Moderate · earthquake: Relatively Low · hail: Relatively Low · heatWave: Relatively Moderate · hurricane: Relatively Low
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 11% of US counties
Buildings in wildfire direct-exposure zone
62.8%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Beltsville Agricultural Research Center (USDA) (7.5 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
48.5 in
USDA plant hardiness zone
7b (extreme annual low 5 to 10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
38
Days with Good air quality
268
Days with Moderate air quality
93
Days with Unhealthy air quality
3
Highest AQI recorded (year)
188

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
12.2 / 20
Transit service frequency
424
Jobs reachable by car (30 min)
182,514
Jobs reachable by transit (45 min)
159,780

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
58
Nearest national park
Baltimore-Washington Parkway (8 mi)
National parks include
Baltimore-Washington Parkway, Greenbelt Park, Civil War Defenses of Washington
Airports within 30 mi
30
Nearest airport
Fort Meade Executive Airport (FME) (7 mi)
Nearest major airport
Fort Meade Executive Airport (FME) (7 mi)
Hospitals nearby (~15 mi)
33
Hospitals include
GEORGE WASHINGTON UNIV HOSPITAL, MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL, SIBLEY MEMORIAL HOSPITAL
Avg hospital rating (CMS)
2.8 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (4.1 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-1,315 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,992
Housing built before 1970
8.5%
Housing built 2000 or later
35.0%
Median annual property tax
$6,278
Mean commute to work
21 min
Households with broadband internet
86.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
151,376
Average weekly wage
$1,643
Top industries (by employment)
Professional Services, Health Care, Wholesale Trade
Annual residential building permits (county)
592

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 20723State medianUS median
Median home value$591,421$452,533$289,727
Median sale price$429,245$450,000$325,000
Median days on market239 days40 days51 days
Typical rent$2,268/mo$2,002/mo$1,808/mo
Median annual property tax$6,278$3,862$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 20723?
$591,421.
What is the median sale price in ZIP 20723?
$429,245.
How long do homes take to sell in ZIP 20723?
Median days on market: 238.5 days.
What is typical rent in ZIP 20723?
Typical rent: $2,268/month.
What is the natural-hazard risk in ZIP 20723?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: lightning, strongWind, winterWeather, drought, heatWave.
Is ZIP 20723 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 20723?
Risk to homes is higher than 11% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 20723?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 20723?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 20723?
6 schools (4 elementary, 2 middle) (NCES, 2022-23).
Is ZIP 20723 walkable?
Walkability index: 12.2/20 (EPA Smart Location Database).
What is the air quality in ZIP 20723?
Good. Median AQI: 38. (EPA AQI).
What is the cost of living in ZIP 20723?
Regional Price Parity: 108.0 (100 = US average) (Above Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents