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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Leoma, TN 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Leoma, TN Housing Market Trends

With a population of 464, 84 total housing units (homes and apartments), and a median house value of $288,959, Leoma real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Leoma, accounting for 100.00% 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 Leoma. Owner-occupied housing accounts for 80.95% of Leoma's homes, and 79.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Leoma 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 Leoma built between 1940-1969 ( 26.98%). A lesser amount of the housing stock also hails from before 1939 ( 25.40%). There's also some housing in Leoma built between 2000 and later ( 13.49%).

Vacant housing appears to be an issue in Leoma. Fully 33.33% of the housing stock is classified as vacant. Left unchecked, vacant Leoma homes and apartments can be a drag on the real estate market, holding Leoma 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.

Leoma Home Appreciation Rates

In the last 10 years, Leoma has experienced some of the highest home appreciation rates of any community in the nation. Leoma real estate appreciated 147.47% over the last ten years, which is an average annual home appreciation rate of 9.48%, putting Leoma in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Leoma definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Leoma's appreciation rate, at 4.87%, has been at or slightly above the national average. In the latest quarter, Leoma's appreciation rate has been 0.34%, which annualizes to a rate of 1.36%.

Relative to Tennessee, our data show that Leoma's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

Median Home Value

$288,959

Leoma, TN Home Prices
> $1,516,000
$1,138,001 - $1,516,000
$758,001 - $1,138,000
$607,001 - $758,000
$455,001 - $607,000
$304,001 - $455,000
$152,001 - $304,000
$76,001 - $152,000
$0 - $76,000
0.0%
0.0%
0.0%
0.0%
11.9%
11.9%
5.4%
5.4%
11.2%
11.2%
18.6%
18.6%
30.9%
30.9%
7.5%
7.5%
14.6%
14.6%
0% 100.0%
% of Homes
High

for Tennessee

Average

for nation

Number of Homes And Apartments:

84

Leoma Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,554 / per month

Homeownership Rate

Owners
Renters
81.0%
81.0%
19.0%
19.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
33.3%
33.3%
66.7%
66.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.5%
13.5%
34.1%
34.1%
27.0%
27.0%
25.4%
25.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
100.0%
100.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
20.6%
20.6%
31.7%
31.7%
47.6%
47.6%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Leoma

Zip Codes in Leoma, TN