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Laurel, IN

Full City Profile · Indiana · Franklin County County

2.1 /5.0
C Fair
474 Population 1,975/sq mi density
$24,663 Median Income $18,436 per capita
$76,100 Home Value $232,894 Zillow
$973 Median Rent 42.9% income on rent
52°F Avg Temperature 293 sunny days/yr
81 Violent Crime/100K 4,552 property/100K
C
Overall
2.1 / 5.0
Fair overall score based on economy, affordability, safety and education
F
Economy
1.4 / 5.0
$24,663 median income, 7.8% unemployment
A+
Affordability
5.0 / 5.0
$76,100 home value, $973/mo rent
F
Safety
1.0 / 5.0
81 violent crimes/100K
F
Education
1.1 / 5.0
1.8% bachelor's degree or higher

Housing Overview

Median Home Value
$76,100
73% below
US avg: $281,900
Median Rent
$973/mo
16% below
US avg: $1,163/mo
Homeownership Rate
58.5%
11% below US avg (65.4%)
Total Housing Units
304
Median year built: 1954

Home Value by Source

Census Median
$76,100
Zillow (ZHVI)
$232,894
Median Sale Price
$45,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

58.5%
Owner-Occupied
41.5%
Renter-Occupied
59%
42%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent: $973/mo

Market Indicators (Redfin)

Median Days on Market
71 days
Sale-to-List Ratio
0.8%
Buyers market
Homes Sold
1
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$50
Active Inventory
3
homes for sale

Affordability & Housing Stock

Rent Burden
42.9%
of renters spending 30%+ of income on housing
38% above US avg (31.0%)
Median Year Built
1954
Average age of housing stock: 72 years
Homeownership Rate
58.5%

Complete Housing Data

Home Values

Census Median Value$76,100
Zillow Home Value (ZHVI)$232,894
Median Sale Price$45,000
Price Per Sq Ft$50

Rent

Census Median Rent$973
FMR Studio$816
FMR 1-Bedroom$882
FMR 2-Bedroom$1,096
FMR 3-Bedroom$1,391
FMR 4-Bedroom$1,590

Market

Days on Market71
Sale-to-List Ratio0.8%
Price Drops33.3%
Homes Sold1
Active Inventory3
Price Per Sq Ft$50

Ownership & Stock

Owner-Occupied58.5%
Renter-Occupied41.5%
Homeownership Rate58.5%
Total Housing Units304
Median Year Built1954
Rent Burden42.9%