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
With a population of 17,924, 6,752 total housing units (homes and apartments), and a median house value of $229,747, Leland real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Leland, accounting for 72.29% of the town's housing units. Other types of housing that are prevalent in Leland include row houses and other attached homes ( 9.95%), mobile homes or trailers ( 9.70%), and a few large apartment complexes or high rise apartments ( 4.69%).
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 73.18% of Leland's homes, and 82.67% 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. 78.65% 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 ( 16.17%), and between 1940-1969 ( 3.49%). There's also some housing in Leland built before 1939 ( 1.69%).
Vacant housing appears to be an issue in Leland. Fully 10.06% of the housing stock is classified as vacant. Left unchecked, vacant Leland homes and apartments can be a drag on the real estate market, holding Leland 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.
Leland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Leland during the period has been just -1.46%, which is lower than 80% of US communities.
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 6.60%, which is higher than appreciation rates in 78.56% 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 1.32%, which equates to an annual appreciation rate of 5.39%.
Relative to North Carolina, our data show that Leland's latest annual appreciation rate is higher than 80% 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.
|$857,001 - $1,142,000||0.3|
|$571,001 - $857,000||1.4|
|$457,001 - $571,000||3.5|
|$343,001 - $457,000||12.1|
|$229,001 - $343,000||17.1|
|$114,001 - $229,000||46.3|
|$57,001 - $114,000||11.5|
|$0 - $57,000||7.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Leland HOMES|
|2000 or Newer||78.6|
|1970 - 1999||16.2|
|1940 - 1969||3.5|
|1939 or Older||1.7|
|TYPE OF Leland HOMES|
|Small Apt. Buildings||3.4|
|SIZE OF Leland HOMES|
|5 or more bedrooms||1.39|