ZIP Code · MD

ZIP 20724

Part of Laurel, MD

Pop. 19,369·Anne Arundel County·25th most expensive ZIP in Maryland

Median rent (all units)

$2,453/mo

Year-over-Year

+3.8%

Month-over-Month

Stable

vs US Median

+$521

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 20724 · $2,453

More expensive than 79% of US ZIP codes · National median $1,932/mo

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Is your rent fair?

Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 20724 is 0.1% below its high of $2,455 in August 2026, at $2,453 as of September 2026.

Past year vs. the rest of Maryland

Rent in ZIP 20724 changed +3.8% over the year to September 2026. Across the 124 Maryland ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($118,115) is $2,953 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,610); a 3-bedroom is $3,310.

Rank in Laurel

4th cheapest of 4 ZIP codes in Laurel.

Cheaper nearby

ZIP 20708, 3 miles away, rents for 33% less ($1,653/mo), about $9,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 20724. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$29,436/yr

At $2,453/mo median

Location

CityLaurel

StateMD

CountyAnne Arundel County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.8% YoY, -0.1% 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

2022 vs 2026

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

Rent

$2,017 → $2,453

up 21.6%

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

The median rent in ZIP 20724 in Laurel, MD stood at $2,017 in 2022 and currently runs about $2,453, reflecting a 21.6% increase over the period. 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. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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Local insights

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About renting in ZIP 20724

Last updated: October 17, 2026

ZIP code 20724 covers Laurel, MD. The median rent here is $2,453/mo as of October 2026. A 1-bedroom rents for a median of $2,120/mo. A 2-bedroom rents for a median of $2,610/mo.

At 25% of local median household income ($118,115/yr), ZIP 20724 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

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 $98,000/year (about $47/hour full-time) to afford the median rent of $2,453/mo in ZIP 20724. The local median household income is $118,115/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 20724?

Rent in ZIP 20724 has risen 3.8% over the past year as of September 2026. It sits 0.1% below its high of $2,455 in August 2026.

How does ZIP 20724 compare to other ZIPs in Maryland?

ZIP 20724 is one of the pricier among Maryland ZIP codes for rent, ranking #25 of 140 at $2,453/mo. Over the year to September 2026, rent in ZIP 20724 changed +3.8%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.