Leo-Cedarville, IN Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Leo-Cedarville, IN Housing Market Trends

With a population of 3,858, 1,301 total housing units (homes and apartments), and a median house value of $300,385, Leo-Cedarville real estate is some of the most expensive in Indiana, although Leo-Cedarville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Leo-Cedarville, accounting for 99.06% of the town's housing units.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leo-Cedarville. Owner-occupied housing accounts for 88.09% of Leo-Cedarville's homes, and 82.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Leo-Cedarville 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 Leo-Cedarville built between 1940-1969 ( 25.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.54%). There's also some housing in Leo-Cedarville built before 1939 ( 7.68%).

Leo-Cedarville Home Appreciation Rates

Appreciation rates for homes in Leo-Cedarville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.80%, which ranks in the top 30% nationwide. This equates to an annual average Leo-Cedarville house appreciation rate of 3.91%.

Appreciation rates are so strong in Leo-Cedarville that despite a nationwide downturn in the housing market, Leo-Cedarville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leo-Cedarville appreciation rates continue to be some of the highest in America, at 7.43%, which is higher than appreciation rates in 92.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leo-Cedarville. Leo-Cedarville appreciation rates in the latest quarter were at 3.08%, which equates to an annual appreciation rate of 12.89%.

Importantly, this makes Leo-Cedarville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$300,385

Leo-Cedarville, IN HOME PRICES

> $1,270,000
0.5%
0.5%
$953,001 - $1,270,000
0.0%
0.0%
$635,001 - $953,000
4.2%
4.2%
$508,001 - $635,000
3.6%
3.6%
$381,001 - $508,000
16.7%
16.7%
$254,001 - $381,000
30.8%
30.8%
$127,001 - $254,000
35.7%
35.7%
$63,001 - $127,000
6.0%
6.0%
$0 - $63,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
1,301

Leo-Cedarville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
62.53% 2.34%
9
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,107 / per month

Homeownership Rate

Owners
88.1%
88.1%
Renters
11.9%
11.9%
Vacant
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.5%
18.5%
1970 - 1999
48.4%
48.4%
1940 - 1969
25.3%
25.3%
1939 or Older
7.7%
7.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
99.1%
99.1%
Townhomes
0.0%
0.0%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.0%
0.0%
2 Bedrooms
6.2%
6.2%
3 Bedrooms
51.6%
51.6%
4 Bedrooms
30.5%
30.5%
5 or more bedrooms
11.7%
11.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Leo-Cedarville

Zip Codes in Leo-Cedarville, IN