20707, Laurel, MD

The 20707 zip code of Laurel, MD is located in Prince George's County and has a population of approximately 113,000. The median household income in the zip code is $104,000 and the median family income is $128,000. The average home value in the zip code is $451,500.

There has been a significant increase in home values over the past few years in the 20707 zip code of Laurel. In 2016, the median home value was $409,500 and by 2017 it had increased to $451,500. This trend appears to be continuing into 2018 as there has been an increase of 2% in home values so far this year compared to last year. This indicates that there are likely still plenty of opportunities for buyers who are looking for a good deal on a home in this area.

One reason that home values have increased so much over the past few years may be due to low interest rates and increasing demand from buyers. Low interest rates make it more affordable for people to borrow money to buy a house and also make it more attractive for people who already own homes to sell them. Additionally, demand from buyers seems to be increasing as more people are getting interested in living in areas with high housing prices. This may be because there are many benefits associated with owning a house such as having your own space and being able to live anywhere you want without worrying about rent or mortgage payments.