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ZIP Code · MD

ZIP 20708

Part of Laurel, MD
Pop. 27,593·Prince Georges County·122nd most expensive ZIP in Maryland
Median rent (all units)
$1,594/mo
Year-over-Year
-4.2%
Month-over-Month
-1.1%
vs US Median
-$371
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 20708 · $1,594
More affordable than 67% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,284
1 BR
$1,325
2 BR
$1,476
3 BR
$1,860
4 BR+
$2,190
Research median
$1,476/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: July 20, 2026

Annual cost
$19,128/yr
At $1,594/mo median
Location
CityLaurel
StateMD
CountyPrince Georges County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.2% YoY, -1.1% 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

2021 vs 2026

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

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

On the earnings side, the typical household in ZIP 20708 in Laurel, MD now reports about $83,367, up from $73,025 in 2021. 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.

Community

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Local insights

Tips for renters in ZIP 20708

About renting in ZIP 20708

Last updated: July 20, 2026

ZIP code 20708 covers Laurel, MD. The median rent here is $1,594/mo as of July 2026. A 1-bedroom rents for a median of $1,325/mo. A 2-bedroom rents for a median of $1,476/mo.

At 23% of local median household income ($83,367/yr), ZIP 20708 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 20708?

As of July 20, 2026, the median monthly rent in ZIP 20708 (Laurel, MD) is $1,594. This is based on aggregated data from public sources and community submissions.

How does ZIP 20708 rent compare to the US average?

ZIP 20708's median rent of $1,594/mo is $371 (19%) below the US national median of $1,965/mo.

How does ZIP 20708 compare to other ZIPs in Maryland?

ZIP 20708 is among the more affordable ZIP codes in Maryland, ranking #122 out of 140 ZIPs at $1,594/mo.

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 $64,000/year (~$31/hour full-time) to afford the median rent of $1,594/mo in ZIP 20708. The local median household income is $83,367/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 20708?

Rent in ZIP 20708 has decreased 4.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 20708 an affordable place to rent?

ZIP 20708 is considered very affordable for renters. At $1,594/mo, rent takes approximately 23% of the local median household income ($83,367/yr). The standard benchmark is 30%. ZIP 20708 falls comfortably within that range.

What percentage of ZIP 20708 residents rent vs. own?

According to Census data, approximately 64.4% of ZIP 20708 households are renters, while 35.6% are owner-occupied. With a majority renter population, ZIP 20708 has a strong rental market.

How does ZIP 20708 compare to the rest of Laurel?

ZIP 20708 is more affordable than Laurel overall. At $1,594/mo, it's $288 below the Laurel citywide median of $1,882/mo.

When was rent data for ZIP 20708 last updated?

Rent data for ZIP 20708 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,594/mo, rent takes ~23% of ZIP 20708's median household income ($83,367/yr). The standard benchmark is 30%.

ZIP 20708 23%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 20708 (Laurel, MD)

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