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 a population of 4,905, 1,507 total housing units (homes and apartments), and a median house value of $562,768, real estate costs in Leonardtown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.
Leonardtown is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Leonardtown than is found in 98% of the communities in America.
Not only is Leonardtown's real estate primarily composed of large, four, five or more bedroom residences ( 52.96%), but it has a blend of both renters and owners ( 50.86% renters; 49.14% owner occupied).
Leonardtown homes and real estate are some of the newest in America. 74.46% of Leonardtown's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Leonardtown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 15.34%), and between 1940-1969 ( 9.42%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Leonardtown, where house values have increased just 46.19%, which is annualized rate of 3.87%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Leonardtown that despite a nationwide downturn in the housing market, Leonardtown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leonardtown appreciation rates continue to be some of the highest in America, at 9.14%, which is higher than appreciation rates in 92.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leonardtown. Leonardtown appreciation rates in the latest quarter were at 2.73%, which equates to an annual appreciation rate of 11.38%.
Importantly, this makes Leonardtown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Leonardtown's latest annual appreciation rate is higher than 80% of the other cities and towns in Maryland.
$562,768
for Maryland
for nation
1,507
$3,286 / per month