Leesburg, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Leesburg, GA 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

Leesburg Housing Market Information

With a population of 2,983, 953 total housing units (homes and apartments), and a median house value of $179,960, Leesburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Leesburg, accounting for 76.32% 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 ( 14.23%), mobile homes or trailers ( 7.60%), and a few large apartment complexes or high rise apartments ( 1.46%).

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 52.66% owning and 47.34% renting.

There is a lot of housing in Leesburg 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 Leesburg built between 2000 and later ( 30.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.20%). There's also some housing in Leesburg built before 1939 ( 4.29%).

Leesburg Home Appreciation Rates

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 -0.51% during the period.

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 2.99%, 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 0.87%, which equates to an annual appreciation rate of 3.53%.

Relative to Georgia, our data show that Leesburg's latest annual appreciation rate is lower than 60% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$179,960

Leesburg, GA HOME PRICES

Value Range
> $1,028,000 0.0
$771,001 - $1,028,000 1.6
$514,001 - $771,000 3.0
$411,001 - $514,000 2.7
$309,001 - $411,000 8.3
$206,001 - $309,000 13.7
$103,001 - $206,000 48.4
$51,001 - $103,000 12.5
$0 - $51,000 9.7

High for GA
High for Nation

Value Relative to Nation Value Relative to State
38.2046173678659 20.507399577167

Number Of Homes And Apartments:
953

Leesburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
20.76% 1.10% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,199 / per month

Homeownership Rate

Homeownership
Owners 52.66
Renters 47.34
Vacant 7.12

Housing Market Details

 

Age of Homes

AGE OF Leesburg HOMES
2000 or Newer 30.5
1970 - 1999 50.0
1940 - 1969 15.2
1939 or Older 4.3

Types of Homes

TYPE OF Leesburg HOMES
Single-Family 76.3
Townhomes 0.4
Small Apt. Buildings 14.2
Apt. Complexes 1.5
Mobile Homes 7.6
Other 0.0

Home Size

SIZE OF Leesburg HOMES
No Bedroom 0.78
1 Bedroom 2.83
2 Bedrooms 11.40
3 Bedrooms 72.61
4 Bedrooms 11.50
5 or more bedrooms 0.88

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Zip Codes in Leesburg, GA