Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,527 people, 1,308 houses or apartments, and a median cost of homes of $233,510, house prices in Leesburg are solidly below the national average.
Single-family detached homes are the single most common housing type in Leesburg, accounting for 63.57% of the city's housing units. Other types of housing that are prevalent in Leesburg include duplexes, homes converted to apartments or other small apartment buildings ( 26.85%), large apartment complexes or high rise apartments ( 5.36%), and a few mobile homes or trailers ( 4.23%).
The most prevalent building size and type in Leesburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.44% owning and 51.56% renting.
Leesburg homes and real estate are some of the newest in America. 52.15% of Leesburg's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Leesburg real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.43%), and between 1940-1969 ( 10.43%).
Real estate appreciation rates in Leesburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.80% during the period.
Appreciation rates are so strong in Leesburg that despite a nationwide downturn in the housing market, Leesburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leesburg appreciation rates continue to be some of the highest in America, at 8.90%, which is higher than appreciation rates in 80.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leesburg. Leesburg appreciation rates in the latest quarter were at 10.40%, which equates to an annual appreciation rate of 48.57%.
Importantly, this makes Leesburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Georgia, our data show that Leesburg's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Leesburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Leesburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Leesburg real estate investment or home purchase decisions.
$233,510
for Georgia
for nation
1,308
$2,295 / per month