Leicester, NC 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Leicester Housing Market Information

With a population of 16,330, 2,298 total housing units (homes and apartments), and a median house value of $213,722, Leicester real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Leicester, accounting for 56.46% of the town's housing units. Other types of housing that are prevalent in Leicester include mobile homes or trailers ( 32.15%), large apartment complexes or high rise apartments ( 4.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leicester. Owner-occupied housing accounts for 73.49% of Leicester's homes, and 63.19% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Leicester 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 Leicester built between 2000 and later ( 29.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.83%). There's also some housing in Leicester built before 1939 ( 3.05%).

Leicester Home Appreciation Rates

Appreciation rates for homes in Leicester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 36.72%, which ranks in the top 40% nationwide. This equates to an annual average Leicester house appreciation rate of 3.18%.

Appreciation rates are so strong in Leicester that despite a nationwide downturn in the housing market, Leicester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leicester appreciation rates continue to be some of the highest in America, at 7.11%, which is higher than appreciation rates in 94.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leicester. Leicester appreciation rates in the latest quarter were at 0.93%, which equates to an annual appreciation rate of 3.77%.

Relative to North Carolina, our data show that Leicester's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 
info

Median Home Value:
$213,722

Leicester, NC HOME PRICES

> $1,293,000
0.2%
0.2%
$969,001 - $1,293,000
0.4%
0.4%
$646,001 - $969,000
2.7%
2.7%
$517,001 - $646,000
4.9%
4.9%
$388,001 - $517,000
7.9%
7.9%
$258,001 - $388,000
23.7%
23.7%
$129,001 - $258,000
32.7%
32.7%
$65,001 - $129,000
19.5%
19.5%
$0 - $65,000
8.1%
8.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for NC

Value Relative To Nation

Number Of Homes And Apartments:
2,298

Leicester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
81.34% 2.91%
9
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,098 / per month

Homeownership Rate

Owners
73.5%
73.5%
Renters
26.5%
26.5%
Vacant
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
29.0%
29.0%
1970 - 1999
52.1%
52.1%
1940 - 1969
15.8%
15.8%
1939 or Older
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.5%
56.5%
Townhomes
2.8%
2.8%
Small Apt. Buildings
3.4%
3.4%
Apt. Complexes
4.5%
4.5%
Mobile Homes
32.1%
32.1%
Other
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
3.7%
3.7%
2 Bedrooms
29.9%
29.9%
3 Bedrooms
53.5%
53.5%
4 Bedrooms
9.7%
9.7%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Leicester

Zip Codes in Leicester, NC