Laurel, MS Real Estate
According to census data in the year 2000 there were 7,852 housing units in Laurel.
This represents a 6.3% decline from 8,381 in 1990.
Of those housing units, 7,677 were located in either urbanized areas or urban clusters, and 175 were located in what is classified as a rural area.
Homeownership rate in Laurel is about 60.9%.
Laurel's vacancy rate, including seasonal lodging, is about 11.1%.
Average household size is 2.64 people.
The majority of houses, apartments or condos in Laurel were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 11.40% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 46.10% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $51,600 |
| Median Price asked for vacant units | $37,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $268 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 3.40% |
| Simple Mortgage | 44.20% |
| Debt Free | 47.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
