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Laurel CDP, VA

ZIP 23294 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23294

Median Home Value
$279,600
Median Rent
$1,334
Affordability Snapshot
$77,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,796/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

17.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23294 in Laurel CDP, VA, a household would need roughly $77,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,796. That is about 16% above the local median household income ($66,587), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
35.8%-45% vs US avg
x
Vacancy Rate
5.3%-48% vs US avg
x
Broadband Access
90.2%+4% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
19.4%-61% vs US avg
x
Mortgage-Free
41.3%+8% vs US avg
x
$279,600
Home Value
$1,334
Rent
1980
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached36.2%
  • 1-unit attached13.9%
  • 2-9 units25.9%
  • 10+ units24.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$279,600
Median rent$1,334
Owner-occupied35.8%
Vacant5.3%
Price-to-income4.2x
Est. income to buy$77,000