Market Overview
Home Prices in Laurel, MS
The median home value in Laurel, MS is $149,407 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.7% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Laurel are priced64% below average. Laurel is part of the Laurel, MS metro area.
Over the past five years, Laurel home values have risen by approximately8.1%, reflecting steady appreciation in this market.
Price History
Laurel Home Price Trend
2020
$126,077
$126K
—
2021
$138,178
$138K
+9.6%
2022
$153,360
$153K
+11.0%
2023
$154,145
$154K
+0.5%
2024
$154,165
$154K
+0.0%
2025
$151,947
$152K
-1.4%
2026
$149,407
$149K
-1.7%
City Comparison
Laurel vs. National Median
🏠 Laurel
$149,407
National Median
$410,000
At $149,407, homes in Laurel cost 64% below the national median of $410,000. This makes Laurel a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Laurel?
20% Down Payment
$29,881
on $149,407
Monthly P&I
$779/mo
30-yr @ 6.8%
Total Monthly Est.
~$989/mo
incl. taxes & insurance
Income Needed
$39,560
gross annual (30% rule)
10% Down Option
$14,941
+ PMI applies
Loan Amount (20% dn)
$119,526
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Laurel, MS?
The median home value in Laurel is $149,407 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.7% year-over-year.
How much have home prices changed in Laurel?
Over the past year, home values in Laurel have decreased by 1.7%. Over five years, prices have risen approximately 8.1%.
How much do I need to earn to buy a home in Laurel?
To comfortably afford the median home price of $149,407 with a 20% down payment ($29,881) at today's rates (6.8%), you'd need a gross annual income of approximately $39,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Laurel compare to the national average home price?
The national median home value is approximately $410,000. At $149,407, homes in Laurel are 64% below the national average.
What metro area is Laurel part of?
Laurel is part of the Laurel, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.