Leon, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Leon, IA Real Estate Data


Leon Housing Market Information

With 1,903 people, 771 houses or apartments, and a median cost of homes of $82,951, house prices in Leon are some of the most affordable in Iowa as well as the nation.

Single-family detached homes are the single most common housing type in Leon, accounting for 77.12% of the city's housing units. Other types of housing that are prevalent in Leon include large apartment complexes or high rise apartments ( 15.15%), duplexes, homes converted to apartments or other small apartment buildings ( 4.49%), and a few mobile homes or trailers ( 2.30%).

People in Leon primarily live in small (one, two or no bedroom) single-family detached homes. Leon has a mixture of owner-occupied and renter-occupied housing.

The housing in Leon was primarily built before 1939 ( 41.59%), making the housing stock in Leon some of the oldest overall in America, although there is a range of ages of homes in Leon. The next most important housing age is between 1970-1999 ( 27.80%), followed by between 1940-1969 ( 27.69%). There's also some housing in Leon built between 2000 and later ( 2.93%).

Vacant housing appears to be an issue in Leon. Fully 19.44% of the housing stock is classified as vacant. Left unchecked, vacant Leon homes and apartments can be a drag on the real estate market, holding Leon 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.

Leon Home Appreciation Rates

In the last 10 years, Leon has experienced some of the highest home appreciation rates of any community in the nation. Leon real estate appreciated 32.59% over the last ten years, which is an average annual home appreciation rate of 2.86%, putting Leon in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Leon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Leon's appreciation rate, at 3.74%, has been at or slightly above the national average. In the latest quarter, Leon's appreciation rate has been 0.09%, which annualizes to a rate of 0.34%.

Relative to Iowa, our data show that Leon's latest annual appreciation rate is higher than 70% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$82,951

Leon, IA HOME PRICES

Value Range
> $1,115,000 0.0
$837,001 - $1,115,000 0.0
$558,001 - $837,000 0.0
$446,001 - $558,000 0.0
$335,001 - $446,000 0.8
$223,001 - $335,000 4.8
$111,001 - $223,000 29.5
$56,001 - $111,000 32.1
$0 - $56,000 31.5

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
88.453650533224 89.8765432098765

Number Of Homes And Apartments:
771

Rent & Ownership

 

Average Market Rent:
$664 / per month

Homeownership Rate

Homeownership
Owners 48.94
Renters 51.06
Vacant 19.44

Housing Market Details

 

Age of Homes

AGE OF Leon HOMES
2000 or Newer 2.9
1970 - 1999 27.8
1940 - 1969 27.7
1939 or Older 41.6

Types of Homes

TYPE OF Leon HOMES
Single-Family 77.1
Townhomes 0.9
Small Apt. Buildings 4.5
Apt. Complexes 15.2
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Leon HOMES
No Bedroom 3.03
1 Bedroom 21.00
2 Bedrooms 27.80
3 Bedrooms 31.97
4 Bedrooms 10.24
5 or more bedrooms 5.96

Leon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
68.87% 3.08% 10 8
* 10 is highest

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