Leander, TX 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 Q1 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

Leander, TX Housing Market Trends

With 62,608 people, 15,985 houses or apartments, and a median cost of homes of $288,110, Leander real estate is some of the most expensive in Texas, although Leander home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Leander, accounting for 87.76% of the city's housing units. Other types of housing that are prevalent in Leander include large apartment complexes or high rise apartments ( 8.50%), mobile homes or trailers ( 2.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leander. Owner-occupied housing accounts for 78.19% of Leander's homes, and 82.03% have either three or four bedrooms, which is average sized relative to America.

Leander homes and real estate are some of the newest in America. 75.01% of Leander's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Leander real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 23.41%), and between 1940-1969 ( 1.05%).

Leander Home Appreciation Rates

In the last 10 years, Leander has experienced some of the highest home appreciation rates of any community in the nation. Leander real estate appreciated 84.57% over the last ten years, which is an average annual home appreciation rate of 6.32%, putting Leander in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Leander definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Leander that despite a nationwide downturn in the housing market, Leander real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leander appreciation rates continue to be some of the highest in America, at 8.24%, which is higher than appreciation rates in 76.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leander. Leander appreciation rates in the latest quarter were at 2.57%, which equates to an annual appreciation rate of 10.69%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Leander differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Leander - 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 Leander real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$288,110

Leander, TX HOME PRICES

> $1,268,000
0.2%
0.2%
$950,001 - $1,268,000
0.8%
0.8%
$634,001 - $950,000
2.9%
2.9%
$507,001 - $634,000
4.1%
4.1%
$380,001 - $507,000
14.7%
14.7%
$254,001 - $380,000
39.7%
39.7%
$127,001 - $254,000
32.6%
32.6%
$63,001 - $127,000
2.7%
2.7%
$0 - $63,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
15,985

Leander Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
120.37% 3.79%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,065 / per month

Homeownership Rate

Owners
78.2%
78.2%
Renters
21.8%
21.8%
Vacant
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
75.0%
75.0%
1970 - 1999
23.4%
23.4%
1940 - 1969
1.0%
1.0%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
87.8%
87.8%
Townhomes
0.6%
0.6%
Small Apt. Buildings
0.9%
0.9%
Apt. Complexes
8.5%
8.5%
Mobile Homes
2.2%
2.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
3.1%
3.1%
2 Bedrooms
7.2%
7.2%
3 Bedrooms
47.4%
47.4%
4 Bedrooms
34.6%
34.6%
5 or more bedrooms
7.1%
7.1%
0.0% 100.0%
% OF HOMES