ZIP Code · MD

ZIP 20708

Part of Laurel, MD

Pop. 27,593·Prince Georges County·114th most expensive ZIP in Maryland

Median rent (all units)

$1,653/mo

Year-over-Year

+3.6%

Month-over-Month

+2.0%

vs US Median

-$279

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 20708 · $1,653

More affordable than 62% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,331

1 BR

$1,374

2 BR

$1,531

3 BR

$1,929

4 BR+

$2,271

Research median

$1,531/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

June. Asking rents in ZIP 20708 usually run 0.8% below trend in June and 1.3% above it in October, about $35 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 20708 is 0.4% below its high of $1,660 in February 2025, at $1,653 as of September 2026.

Past year vs. the rest of Maryland

Rent in ZIP 20708 changed +3.6% over the year to September 2026. Across the 124 Maryland ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($83,367) is $2,084 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,930); a 2-bedroom is $2,150.

Rank in Laurel

1st cheapest of 4 ZIP codes in Laurel.

From Zillow's monthly rent index (ZORI) for ZIP 20708. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,836/yr

At $1,653/mo median

Location

CityLaurel

StateMD

CountyPrince Georges County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 3.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+3.6% YoY, +2.0% MoM), not inventory.

Demographics

Who lives here

ZIP 20708 (Laurel, MD) is majority renter-occupied, has a large share of families with children, 39.1% of residents hold a bachelor's degree or higher.

Population

27,593

Median income

$83,367

Median age

36.5

Renters

64.4%

Age distribution

26.7%

20.9%

29.8%

Under 1826.7%

18–3420.9%

35–5429.8%

55–6411.3%

65+11.3%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

12.9%

61.2%

21.6%

White12.9%

Black61.2%

Hispanic21.6%

Asian3.2%

Other1%

Education (25+)

24.7%

26.2%

39.1%

No HS diploma10%

HS diploma24.7%

Some college26.2%

Bachelor's+39.1%

Housing tenure

35.6%

64.4%

Owner35.6%

Renter64.4%

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

2022 vs 2026

How ZIP 20708 in Laurel, MD has changed in 5 years

Rent

$1,566 → $1,653

up 5.6%

Income

$73,025 → $83,367

up 14.2%

Population

27,262 → 27,593

up 1.2%

Renter share

64.5% → 64.4%

-0.1 pts

Bachelor's+

41.8% → 39.1%

-2.7 pts

Median age

35.6 → 36.5

+0.9 yrs

The median rent in ZIP 20708 in Laurel, MD stood at $1,566 in 2022 and currently runs about $1,653, reflecting a 5.6% increase over the period. On the earnings side, the typical household in ZIP 20708 in Laurel, MD now reports about $83,367, up from $73,025 in 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 1.2% since 2021, moving from about 27,262 residents to roughly 27,593. College-educated residents now make up 39.1% of adults here, versus 41.8% in 2021. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 20708 in Laurel, MD reflects that arc in its own way.

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About renting in ZIP 20708

Last updated: October 17, 2026

ZIP code 20708 covers Laurel, MD. The median rent here is $1,653/mo as of October 2026. A 1-bedroom rents for a median of $1,374/mo. A 2-bedroom rents for a median of $1,531/mo.

At 24% of local median household income ($83,367/yr), ZIP 20708 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 20708?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,653/mo in ZIP 20708. The local median household income is $83,367/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 20708?

Rent in ZIP 20708 has risen 3.6% over the past year as of September 2026. It sits 0.4% below its high of $1,660 in February 2025.

When is the cheapest time to rent in ZIP 20708?

Asking rents in ZIP 20708 are usually lowest in June, about 0.8% below their yearly trend, and highest in October, about 1.3% above it. At today's median that is a gap of roughly $35 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 20708 compare to other ZIPs in Maryland?

ZIP 20708 is one of the more affordable among Maryland ZIP codes for rent, ranking #114 of 140 at $1,653/mo. Over the year to September 2026, rent in ZIP 20708 changed +3.6%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.