Leland, NC 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 Q2 2021. 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

Leland, NC Housing Market Trends

With a population of 23,544, 8,366 total housing units (homes and apartments), and a median house value of $323,747, Leland real estate is some of the most expensive in North Carolina, although Leland home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Leland, accounting for 72.21% of the town's housing units. Other types of housing that are prevalent in Leland include row houses and other attached homes ( 11.87%), mobile homes or trailers ( 7.16%), and a few large apartment complexes or high rise apartments ( 6.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leland. Owner-occupied housing accounts for 80.41% of Leland's homes, and 80.99% have either three or four bedrooms, which is average sized relative to America.

Leland homes and real estate are some of the newest in America. 80.66% of Leland's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Leland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 14.81%), and between 1940-1969 ( 3.20%). There's also some housing in Leland built before 1939 ( 1.33%).

Leland Home Appreciation Rates

Appreciation rates for homes in Leland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.42%, which ranks in the top 40% nationwide. This equates to an annual average Leland house appreciation rate of 4.24%.

Appreciation rates are so strong in Leland that despite a nationwide downturn in the housing market, Leland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leland appreciation rates continue to be some of the highest in America, at 11.76%, which is higher than appreciation rates in 82.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leland. Leland appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.79%.

Importantly, this makes Leland 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 North Carolina, our data show that Leland's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Leland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Leland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Leland real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$323,747

Leland, NC HOME PRICES

> $1,317,000
0.6%
0.6%
$987,001 - $1,317,000
0.6%
0.6%
$658,001 - $987,000
2.4%
2.4%
$526,001 - $658,000
4.9%
4.9%
$395,001 - $526,000
16.1%
16.1%
$264,001 - $395,000
21.0%
21.0%
$132,001 - $264,000
36.2%
36.2%
$66,001 - $132,000
10.4%
10.4%
$0 - $66,000
7.7%
7.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for NC

Value Relative To Nation

Number Of Homes And Apartments:
8,366

Leland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
85.31% 2.91%
8
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,391 / per month

Homeownership Rate

Owners
80.4%
80.4%
Renters
19.6%
19.6%
Vacant
8.9%
8.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
80.7%
80.7%
1970 - 1999
14.8%
14.8%
1940 - 1969
3.2%
3.2%
1939 or Older
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.2%
72.2%
Townhomes
11.9%
11.9%
Small Apt. Buildings
1.8%
1.8%
Apt. Complexes
7.0%
7.0%
Mobile Homes
7.2%
7.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
1.8%
1.8%
2 Bedrooms
12.6%
12.6%
3 Bedrooms
64.2%
64.2%
4 Bedrooms
16.8%
16.8%
5 or more bedrooms
3.4%
3.4%
0.0% 100.0%
% OF HOMES