Leesburg appreciation rates and housing market information

Leesburg housing market information

With a population of 28,237, 10,672 total housing units (homes and apartments), and a median house value of $426,296, Leesburg house prices are not only among the most expensive in Virginia, Leesburg real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Leesburg, accounting for 44.67% of the town's housing units. Other types of housing that are prevalent in Leesburg include large apartment complexes or high rise apartments (26.89%), row houses and other attached homes (25.82%), duplexes, homes converted to apartments, or other small apartment buildings (1.80%), and a few mobile homes or trailers (0.82%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Leesburg. Owner-occupied housing accounts for 65.71% of Leesburg's homes, and 59.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Leesburg built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Leesburg built from 1995 and later (24.60%). A lesser amount of the housing stock also hails from 1940-1969 (9.55%), and some were built from 1939 and earlier (9.55%).

Leesburg home appreciation rates

In the last 10 years, Leesburg has experienced some of the highest home appreciation rates of any community in the nation. Leesburg real estate appreciated 119.75% over the last ten years, which is an average annual home appreciation rate of 11.97%, putting Leesburg in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Leesburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Leesburg appreciation rates have trailed the rest of the nation. In the last twelve months, Leesburg's appreciation rate has been -9.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Leesburg were at -0.41%, which equates to an annual appreciation rate of -1.64%.

Notably, Leesburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Virginia, our data show that Leesburg's latest annual appreciation rate is higher than 14% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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 1990, to assist you in making the best Leesburg real estate investment or home purchase decisions.