Leesburg, VA 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

Leesburg, VA Housing Market Trends

With 53,727 people, 17,900 houses or apartments, and a median cost of homes of $556,942, Leesburg house prices are not only among the most expensive in Virginia, Leesburg real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Leesburg, accounting for 47.54% of the town's housing units. Other types of housing that are prevalent in Leesburg include row houses and other attached homes ( 26.39%), large apartment complexes or high rise apartments ( 23.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leesburg. Owner-occupied housing accounts for 71.92% of Leesburg's homes, and 63.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Leesburg 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 Leesburg built between 2000 and later ( 27.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.76%). There's also some housing in Leesburg built before 1939 ( 2.89%).

Leesburg Home Appreciation Rates

Appreciation rates for homes in Leesburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.21%, which ranks in the top 40% nationwide. This equates to an annual average Leesburg house appreciation rate of 4.22%.

Over the last year, Leesburg appreciation rates have trailed the rest of the nation. In the last twelve months, Leesburg's appreciation rate has been 7.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Leesburg were at 2.61%, which equates to an annual appreciation rate of 10.84%.

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

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

Average Home Values

 

Median Home Value:
$556,942

Leesburg, VA HOME PRICES

> $1,209,000
1.7%
1.7%
$907,001 - $1,209,000
3.3%
3.3%
$604,001 - $907,000
30.6%
30.6%
$483,001 - $604,000
18.9%
18.9%
$362,001 - $483,000
22.0%
22.0%
$242,001 - $362,000
15.3%
15.3%
$121,001 - $242,000
5.9%
5.9%
$60,001 - $121,000
0.9%
0.9%
$0 - $60,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for VA

Value Relative To Nation

Number Of Homes And Apartments:
17,900

Leesburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
110.19% 3.52%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,134 / per month

Homeownership Rate

Owners
71.9%
71.9%
Renters
28.1%
28.1%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
27.9%
27.9%
1970 - 1999
60.4%
60.4%
1940 - 1969
8.8%
8.8%
1939 or Older
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.5%
47.5%
Townhomes
26.4%
26.4%
Small Apt. Buildings
2.0%
2.0%
Apt. Complexes
23.6%
23.6%
Mobile Homes
0.3%
0.3%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
7.7%
7.7%
2 Bedrooms
16.7%
16.7%
3 Bedrooms
34.2%
34.2%
4 Bedrooms
29.0%
29.0%
5 or more bedrooms
11.3%
11.3%
0.0% 100.0%
% OF HOMES