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ZIP Code · MD

ZIP 20724

Part of Laurel, MD
Pop. 19,369·Anne Arundel County·32nd most expensive ZIP in Maryland
Median rent (all units)
$2,389/mo
Year-over-Year
+2.7%
Month-over-Month
-7.3%
vs US Median
+$424
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 20724 · $2,389
More expensive than 76% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,910
1 BR
$2,120
2 BR
$2,610
3 BR
$3,310
4 BR+
$3,670
Research median
$2,610/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
$28,668/yr
At $2,389/mo median
Location
CityLaurel
StateMD
CountyAnne Arundel County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+2.7% YoY, -7.3% MoM), not inventory.
Demographics

Who lives here

ZIP 20724 (Laurel, MD) is majority owner-occupied, has a median income above the national average, 45.1% of residents hold a bachelor's degree or higher.

Population
19,369
Median income
$118,115
Median age
36.1
Renters
39%
Age distribution
23.3%
25.5%
30.8%
12.6%
Under 1823.3%
18–3425.5%
35–5430.8%
55–6412.6%
65+7.8%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
20.9%
41.5%
27.2%
White20.9%
Black41.5%
Hispanic27.2%
Asian8.8%
Other1.7%
Education (25+)
23.1%
23.8%
45.1%
No HS diploma8.1%
HS diploma23.1%
Some college23.8%
Bachelor's+45.1%
Housing tenure
61%
39%
Owner61%
Renter39%

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

2021 vs 2026

How ZIP 20724 in Laurel, MD has changed in 5 years

Income
$96,036 → $118,115
up 23.0%
Population
18,059 → 19,369
up 7.3%
Renter share
38.2% → 39%
+0.8 pts
Bachelor's+
48.2% → 45.1%
-3.1 pts
Median age
34.4 → 36.1
+1.7 yrs

Census figures show median household income at $118,115 today, compared with $96,036 five years earlier. The population has grown by 7.3% since 2021, moving from about 18,059 residents to roughly 19,369. College-educated residents now make up 45.1% of adults here, versus 48.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 20724

About renting in ZIP 20724

Last updated: July 20, 2026

ZIP code 20724 covers Laurel, MD. The median rent here is $2,389/mo as of July 2026. A 1-bedroom rents for a median of $2,120/mo. A 2-bedroom rents for a median of $2,610/mo.

At 24% of local median household income ($118,115/yr), ZIP 20724 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 20724?

As of July 20, 2026, the median monthly rent in ZIP 20724 (Laurel, MD) is $2,389. This is based on aggregated data from public sources and community submissions.

How does ZIP 20724 rent compare to the US average?

ZIP 20724's median rent of $2,389/mo is $424 (22%) above the US national median of $1,965/mo.

How does ZIP 20724 compare to other ZIPs in Maryland?

ZIP 20724 is one of the pricier ZIP codes in Maryland, ranking #32 out of 140 ZIPs tracked at $2,389/mo.

How much income do you need to rent in ZIP 20724?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (~$46/hour full-time) to afford the median rent of $2,389/mo in ZIP 20724. The local median household income is $118,115/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 20724?

Rent in ZIP 20724 has increased 2.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 20724 an affordable place to rent?

ZIP 20724 is considered very affordable for renters. At $2,389/mo, rent takes approximately 24% of the local median household income ($118,115/yr). The standard benchmark is 30%. ZIP 20724 falls comfortably within that range.

What percentage of ZIP 20724 residents rent vs. own?

According to Census data, approximately 39% of ZIP 20724 households are renters, while 61% are owner-occupied. ZIP 20724 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 20724 compare to the rest of Laurel?

ZIP 20724 is pricier than Laurel as a whole. At $2,389/mo, it's $507 above the Laurel citywide median of $1,882/mo.

When was rent data for ZIP 20724 last updated?

Rent data for ZIP 20724 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,389/mo, rent takes ~24% of ZIP 20724's median household income ($118,115/yr). The standard benchmark is 30%.

ZIP 20724 24%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 20724 (Laurel, MD)

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