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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 554, 238 total housing units (homes and apartments), and a median house value of $334,789, Leesburg real estate is some of the most expensive in Indiana, although Leesburg home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Leesburg, accounting for 87.92% 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 ( 12.08%).
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 79.83% of Leesburg's homes, and 67.92% have either three or four bedrooms, which is average sized relative to America.
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 before 1939 ( 34.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.02%). There's also some housing in Leesburg built between 2000 and later ( 6.42%).
Vacant housing appears to be an issue in Leesburg. Fully 10.19% 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.
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 6.03% during the period.
NeighborhoodScout's data show that during the latest twelve months, Leesburg's appreciation rate, at 5.00%, has been at or slightly above the national average. In the latest quarter, Leesburg's appreciation rate has been -1.49%, which annualizes to a rate of -5.81%.
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 higher than 60% of the other cities and towns in Indiana.
$334,789
for Indiana
for nation
238
$1,322 / per month