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ZIP Code · MD

ZIP 20707

Part of Laurel, MD
Pop. 37,278·Prince Georges County·68th most expensive ZIP in Maryland
Median rent (all units)
$1,998/mo
Year-over-Year
+1.3%
Month-over-Month
+5.9%
vs US Median
+$36
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 20707 · $1,998
More expensive than 60% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,970
1 BR
$2,030
2 BR
$2,260
3 BR
$2,850
4 BR+
$3,350
Research median
$2,260/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$23,976/yr
At $1,998/mo median
Location
CityLaurel
StateMD
CountyPrince Georges County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+1.3% YoY, +5.9% MoM), not inventory.
Demographics

Who lives here

ZIP 20707 (Laurel, MD) is roughly split between renters and owners, has a median income above the national average, 46.2% of residents hold a bachelor's degree or higher.

Population
37,278
Median income
$107,706
Median age
37.5
Renters
45.1%
Age distribution
22.1%
23.6%
29.3%
13.4%
Under 1822.1%
18–3423.6%
35–5429.3%
55–6411.5%
65+13.4%
Gender
46.2%
53.8%
Male46.2%
Female53.8%
Race & ethnicity
17.7%
48.2%
20.9%
White17.7%
Black48.2%
Hispanic20.9%
Asian9.1%
Other4.1%
Education (25+)
18%
25.4%
46.2%
No HS diploma10.4%
HS diploma18%
Some college25.4%
Bachelor's+46.2%
Housing tenure
54.9%
45.1%
Owner54.9%
Renter45.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 20707 in Laurel, MD has changed in 5 years

Rent
$1,685 → $1,998
up 18.6%
Income
$91,315 → $107,706
up 17.9%
Population
36,020 → 37,278
up 3.5%
Renter share
43.8% → 45.1%
+1.3 pts
Bachelor's+
45.9% → 46.2%
+0.3 pts
Median age
38 → 37.5
-0.5 yrs

Five years ago, renters in ZIP 20707 in Laurel, MD paid around $1,685 a month. That figure now sits near $1,998, up 18.6% from the 2021 baseline. Median household income climbed from $91,315 to $107,706 between 2021 and 2024, a 17.9% shift. Census counts show ZIP 20707 in Laurel, MD adding about 1,258 residents over the five-year window, up 3.5% on net. Taken together, the five-year picture in ZIP 20707 in Laurel, MD reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 20707

Last updated: August 17, 2026

ZIP code 20707 covers Laurel, MD. The median rent here is $1,998/mo as of August 2026. A 1-bedroom rents for a median of $2,030/mo. A 2-bedroom rents for a median of $2,260/mo.

At 22% of local median household income ($107,706/yr), ZIP 20707 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 20707?

As of August 17, 2026, the median monthly rent in ZIP 20707 (Laurel, MD) is $1,998. This is based on aggregated data from public sources and community submissions.

How does ZIP 20707 rent compare to the US average?

ZIP 20707's median rent of $1,998/mo is $36 (2%) above the US national median of $1,962/mo.

How does ZIP 20707 compare to other ZIPs in Maryland?

ZIP 20707 falls in the middle range for Maryland, ranking #68 out of 139 ZIPs at $1,998/mo.

How much income do you need to rent in ZIP 20707?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,998/mo in ZIP 20707. The local median household income is $107,706/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 20707?

Rent in ZIP 20707 has increased 1.3% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 20707 an affordable place to rent?

ZIP 20707 is considered very affordable for renters. At $1,998/mo, rent takes approximately 22% of the local median household income ($107,706/yr). The standard benchmark is 30%. ZIP 20707 falls comfortably within that range.

What percentage of ZIP 20707 residents rent vs. own?

According to Census data, approximately 45.1% of ZIP 20707 households are renters, while 54.9% are owner-occupied. ZIP 20707 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 20707 compare to the rest of Laurel?

ZIP 20707 is pricier than Laurel as a whole. At $1,998/mo, it's $92 above the Laurel citywide median of $1,906/mo.

When was rent data for ZIP 20707 last updated?

Rent data for ZIP 20707 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,998/mo, rent takes ~22% of ZIP 20707's median household income ($107,706/yr). The standard benchmark is 30%.

ZIP 20707 22%Benchmark 30%
State income tax2–5.75%
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