Leesburg, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Leesburg, IN 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 558, 226 total housing units (homes and apartments), and a median house value of $156,348, Leesburg 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 Leesburg, accounting for 89.58% of the town's housing units. Other types of housing that are prevalent in Leesburg include duplexes, homes converted to apartments or other small apartment buildings ( 6.56%), row houses and other attached homes ( 2.70%), and a few mobile homes or trailers ( 1.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leesburg. Owner-occupied housing accounts for 90.27% of Leesburg's homes, and 71.81% have either three or four bedrooms, which is average sized relative to America.

The housing in Leesburg was primarily built before 1939 ( 46.72%), making the housing stock in Leesburg some of the oldest overall in America, although there is a range of ages of homes in Leesburg. The next most important housing age is between 1970-1999 ( 27.03%), followed by between 1940-1969 ( 18.15%). There's also some housing in Leesburg built between 2000 and later ( 8.11%).

Vacant housing appears to be an issue in Leesburg. Fully 12.74% of the housing stock is classified as vacant. Left unchecked, vacant Leesburg homes and apartments can be a drag on the real estate market, holding Leesburg 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.

Leesburg Home Appreciation Rates

Leesburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Leesburg during the period has been just -0.84%, which is lower than 70% of US communities.

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 -1.19%, 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 -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Indiana, our data show that Leesburg's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$156,348

Leesburg, IN HOME PRICES

Value Range
> $1,049,000 0.6
$786,001 - $1,049,000 1.4
$524,001 - $786,000 2.8
$419,001 - $524,000 2.6
$314,001 - $419,000 6.4
$210,001 - $314,000 17.8
$105,001 - $210,000 45.2
$52,001 - $105,000 16.3
$0 - $52,000 6.8

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
47.2811437946795 23.7556561085973

Number Of Homes And Apartments:
226

Leesburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
29.82% 1.52% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 90.27
Renters 9.73
Vacant 12.74

Housing Market Details

 

Age of Homes

AGE OF Leesburg HOMES
2000 or Newer 8.1
1970 - 1999 27.0
1940 - 1969 18.1
1939 or Older 46.7

Types of Homes

TYPE OF Leesburg HOMES
Single-Family 89.6
Townhomes 2.7
Small Apt. Buildings 6.6
Apt. Complexes 0.0
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Leesburg HOMES
No Bedroom 1.93
1 Bedroom 0.00
2 Bedrooms 22.78
3 Bedrooms 66.80
4 Bedrooms 5.02
5 or more bedrooms 3.47