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Laurel

Laurel

Located in Yellowstone County

$381,489 Average Value
$170 Average Price per Sq Ft
40 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 Alex Morgan, an experienced agent in this area.

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Laurel Housing Trends

Housing Trends

Median List Price
$269,900
Median Sale Price
$435,000
Median Single Family Sale Price
$225,000
Median Townhouse Sale Price
$439,900
Median Change From 1st List Price
3%
Last 12 months Home Sales
3
Median Home Sale Price YoY Change
6%
Average Price Per Sq Ft
$170

Area Facts

Number of Homes
2,094
Number of Homes for Sale
40
Median Year Built
1959
Months of Supply
160.00
Average Single Family Home Size Sq Ft
1,780
Below the national average
1,926
Average Townhouse Size Sq Ft
1,764
Average 2 Bedroom Size Sq Ft
1,466
Median Lot Size Sq Ft
8,276

Open Houses

  • Sunday, Oct 19
    Open Sun 9:30AM - 11:30AM

    1450 Red and King Gulch Rd, Laurel, MT 59044

    $490,000

    • 3 Beds
    • 2 Baths
    • 1,080 Sq Ft
    • 1450 Red and King Gulch Rd
    • New 11 days ago

    Montana Living at its Finest: Stunning Views on 20 acres! Escape to your own private Montana oasis with this beautifully updated manufactured home on 20.03 acres in Laurel! Perched on a rolling slope, this property delivers breathtaking views of the Yellowstone County valley.This 3-bedroom, 2-bathroom home offers comfortable living with thoughtful updates throughout. Key improvements include

    Tyler Davis Keller Williams Yellowstone Properties

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  • Sunday, Oct 19
    Open Sun 12PM - 2PM

    1712 Paynes Place, Laurel, MT 59044

    $455,000

    • 5 Beds
    • 3 Baths
    • 2,504 Sq Ft
    • 1712 Paynes Place
    • New 17 days ago

    Welcome to 1712 Paynes Place! Set in a peaceful neighborhood close to the Laurel Golf Club, this delightful patio home is perfect for those who appreciate both comfort and convenience. Featuring 5 spacious bedrooms and 3 full bathrooms, this home offers ample living space for families or guests. Inside, you'll find an inviting vaulted layout that creates a sense of openness and airiness,

    Kelsi Gowen Century 21 Hometown Brokers

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  • Sunday, Oct 19
    Open Sun 11AM - 1PM

    22 Vista Ln, Laurel, MT 59044

    $325,000

    • 4 Beds
    • 2 Baths
    • 1,632 Sq Ft
    • 22 Vista Ln
    • New 22 days ago

    Welcome to your peaceful retreat! This home sits on a gorgeous one-acre lot with 2 wells!! Plenty of space to relax, unwind, and truly make it your own. Imagine ending your day under the large gazebo patio, watching the sun go down and soaking in the beauty that surrounds you. The setting alone is enough to inspire visions of the perfect home. While the property does need a little TLC, it is a

    Brenda Mills Keller Williams Yellowstone Properties

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Homes for Sale

Homes for Rent

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®®

54 / 100

Somewhat Walkable

Walk Score®®

61 / 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
Alex Morgan
Parker & Co.
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