Leeds, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Leeds Neighborhoods Since 2000




Leeds, AL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Leeds Housing Market Information

With a population of 11,936, 4,575 total housing units (homes and apartments), and a median house value of $150,808, Leeds real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Leeds, accounting for 79.36% of the city's housing units. Other types of housing that are prevalent in Leeds include large apartment complexes or high rise apartments ( 8.26%), mobile homes or trailers ( 5.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leeds. Owner-occupied housing accounts for 75.56% of Leeds's homes, and 65.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Leeds built from 1970 to 1999 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 Leeds built between 1940-1969 ( 27.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.17%). There's also some housing in Leeds built before 1939 ( 6.68%).

Vacant housing appears to be an issue in Leeds. Fully 10.42% of the housing stock is classified as vacant. Left unchecked, vacant Leeds homes and apartments can be a drag on the real estate market, holding Leeds real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Leeds Home Appreciation Rates

Real estate appreciation rates in Leeds's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

Over the last year, Leeds appreciation rates have trailed the rest of the nation. In the last twelve months, Leeds's appreciation rate has been -0.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Leeds were at 0.16%, which equates to an annual appreciation rate of 0.62%.

Relative to Alabama, our data show that Leeds's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$150,808

Leeds, AL HOME PRICES

Value Range
> $1,068,000 0.6
$801,001 - $1,068,000 0.5
$534,001 - $801,000 1.9
$427,001 - $534,000 1.2
$321,001 - $427,000 4.4
$214,001 - $321,000 11.6
$107,001 - $214,000 48.6
$53,001 - $107,000 19.8
$0 - $53,000 11.3

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
49.5722489159733 16.5

Number Of Homes And Apartments:
4,575

Leeds Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
17.65% 0.95% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,023 / per month

Homeownership Rate

Homeownership
Owners 75.56
Renters 24.44
Vacant 10.42

Housing Market Details

 

Age of Homes

AGE OF Leeds HOMES
2000 or Newer 17.2
1970 - 1999 49.0
1940 - 1969 27.1
1939 or Older 6.7

Types of Homes

TYPE OF Leeds HOMES
Single-Family 79.4
Townhomes 2.8
Small Apt. Buildings 3.3
Apt. Complexes 8.3
Mobile Homes 6.0
Other 0.3

Home Size

SIZE OF Leeds HOMES
No Bedroom 1.19
1 Bedroom 3.05
2 Bedrooms 27.49
3 Bedrooms 55.96
4 Bedrooms 9.58
5 or more bedrooms 2.72