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Laurel

Laurel

Located in Yellowstone County

$375,569 Average Value
$199 Average Price per Sq Ft
45 Homes For Sale

Laurel’s industrial growth and development into a suburb of Billings

Laurel is a growing residential city located north of the Yellowstone River and about 20 miles away from Billings. “Laurel has a small-town feel, and that’s an appeal. You have one high school there, and people like that your kids grow up in the same town and attend all the same schools. That creates community,” says Drew Hedrick, a Tightline Property Brokers LLC broker at Real Estate Hub Billings, licensed since 2009. “Another reason people look in Laurel is that its home prices tend to be more affordable than those in Billings. It’s only a few miles away and has both a refinery and a railroad hub, which employ many people and give opportunities to have a good-paying job in town while still getting lower real estate prices.”

In the 1880s, it was a wheat farming community and, in the 1910s, it became a leading terminal of the Great Northern railroad. The railroad boom led to mass construction, including local businesses and homes. The agriculture and railroad industries held strong through the late 1920s, when an oil refinery was added to the landscape. Decades later, when the interstate was finished in southern Laurel, the city’s commercial center shifted and national chains became commonplace.

Century-old homes in central Laurel and sprawling properties nearby

Many Minimal Traditional homes, some cottage-like from the 1920s, sit on gridded streets with sidewalks in central Laurel, ranging from around $220,000 to $450,000. Ranch-style homes, which go for $350,000 to $1.6 million, and multistory, single-family houses, which fall between $350,000 and $950,000 — including split-level, bi-level and New Traditionals — are common. Some properties are horse-friendly and can span over 20 acres.

Laurel’s locally-centered Main Street and national chains nearby

Brick storefronts were erected along Main Street in the early 1900s and comprise the Laurel Downtown Historic District, where the Blessed Beginnings antique store and The Yogurt Shop are. On the outer reaches of Main Street, where shops and restaurants have limited parking spots, the Pelican Cafe serves American fare in a rustic dining room. High Plains Brewing hosts food trucks and live music on its outdoor patio. An Albertsons, a Tractor Supply Company and a Walmart Supercenter are near First Avenue and Fourth Street.

Natural recreation near Yellowstone River, parks and Laurel Golf Club

The Bureau of Land Management oversees the Sundance Lodge Recreation Area, an open space on the Yellowstone River that includes equestrian-friendly paths and designated hunting areas. “People get on the river and do inner tube floats," Hedrick says. "It’s a made area where you can get outside and do anything. It has hiking and biking trails, you can walk a dog or fish.”

Many parks in Laurel have open space and playgrounds, such as Kiwanis Park, which has a castle climbing structure. Nutting and Thompson parks both have baseball fields. Thompson Park also has a splash park and hosts the annual Independence Day celebration with fireworks.

The Laurel Golf Club is an 18-hole course that requires membership.

Learning from the elementary school district to Laurel High School

Laurel Public Schools district serves the community, which students can apply to attend, and consists of the Laurel Elementary School District — a kindergarten through eighth-grade district — and Laurel High School. Laurel Elementary School District earns a C-plus grade from Niche and is comprised of three elementary schools and Laurel Middle School. South Elementary School serves kindergarteners and has not yet been rated by Niche. West Elementary is a first- and second-grade school that receives a B overall. Fred Graff Elementary School serves third and fourth graders and scores a C-plus. The C-graded Laurel Middle School oversees the education of fifth through eighth-grade students. Laurel High School is a comprehensive ninth through 12th grade school that maintains a C overall. High schoolers may try out for various sports, including basketball, softball and wrestling.

Drives to Billings, an oil refinery and medical offices

Interstate 90 runs west to east through the area, connecting it to Billings, including the Billings-Logan International Airport, both within a 20-mile drive. The Laurel Clinic and various medical offices are also in the area, and the nearest hospital is in Billings. A CHS oil refinery is located on U.S. Highway 212, which ties Laurel to the mountain ski town of Red Lodge, about a 45-mile drive, and Yellowstone National Park, about 115 miles away.

Lauren Melton
Written By
Lauren Melton

Interested in learning more about homes in this area? Reach out to Deb Parker, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Laurel Housing Trends

Housing Trends

Median List Price
$369,900
Median Sale Price
$360,000
Median Single Family Sale Price
$309,000
Median Townhouse Sale Price
$344,950
Median Change From 1st List Price
3%
Last 12 months Home Sales
128
Median Home Sale Price YoY Change
11%
Average Price Per Sq Ft
$199

Neighborhood Facts

Number of Homes for Sale
45
Months of Supply
4.20

Open Houses

  • Sunday, Jul 20
    1 - 3pm

    LOT A W 13th St, Laurel, MT 59044

    $70,000

    • LOT A W 13th St
    • New 1 day ago

    Don't miss your opportunity to build in this beautiful well-established Laurel neighborhood! This is only the second time this property has been on the market. Current owners have lived in the house next door for a couple decades and utilized this lot as an extension of their yard. You, too, could purchase the house (MLS #354323) and lot OR just the lot. Either choice would be the perfect next

    Nicole King 41 Realty Group

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  • Sunday, Jul 20
    1 - 3pm

    1304 Valley Dr, Laurel, MT 59044

    $399,900

    • 4 Beds
    • 1.5 Baths
    • 2,652 Sq Ft
    • 1304 Valley Dr
    • New 1 day ago

    You could be just the 3rd person to own this well-maintained home in a beautiful Laurel neighborhood! The .4 acre yard with mature landscaping & underground sprinklers connected to a well offers a park-like setting. If you also buy the lot next door (MLS #354322), you could have ~.6 acre! The attached oversize 2 car garage is fronted by a nearly 2 car size covered area, offering space to work on

    Nicole King 41 Realty Group

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  • Saturday, Jul 19
    12 - 2pm

    801 E 4th St, Laurel, MT 59044

    $446,900

    • 4 Beds
    • 3 Baths
    • 2,814 Sq Ft
    • 801 E 4th St
    • New 4 days ago

    This custom built 4 bedroom 3 bath home has a thoughtfully designed layout. The main level features a bright and open beautiful kitchen, spacious living area, and dining space. The oversized garage provides plenty of room for vehicles, storage or hobbies. In addition, the home offers additional parking ideal for RVs or boats. Outside is a beautifully landscaped corner lot with a nice patio built

    Shonna Ruble LPT Realty

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Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Laurel Has More Owners

Demographics

Total Population
7,814
Median Age
40
Population under 18
24.8%
On par with the national average
23.8%
Population over 65
19.8%
On par with the national average
19.1%

Finances

Median Household Income
$69,316
On par with the national average
$71,702
Average Household Income
$85,819

Education and Workforce

High School Graduates
95.3%
College Graduates
18.1%
Below the national average
34.1%
Advanced Degrees
3.5%
Below the national average
13.3%
% Population in Labor Force
74%

Weather

Annual Precipitation
15''
Average Winter Low Temperature
17°F
Average Summer High Temperature
87°F
Annual Snowfall
33''

Area Factors

Bikeable

Bike Score®®

55 / 100

Somewhat Walkable

Walk Score®®

65 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Laurel
Deb Parker
Parker & Co.
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