South Laurel, MD Real Estate
According to census data in the year 2000 there were 8,666 housing units in South Laurel.
This represents a 10.2% growth from 7,861 in 1990.
Of those housing units, 8,666 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in South Laurel is about 34.2%.
South Laurel's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in South Laurel were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.50% |
| One Bedroom | 28.20% |
| Two Bedrooms | 28.80% |
| Three Bedrooms | 19.90% |
| Four Bedrooms | 15.50% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $166,800 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $750 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 11.30% |
| Simple Mortgage | 66.50% |
| Debt Free | 15.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
