Leesburg, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Leesburg Neighborhoods Since 2000




Leesburg, VA Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Leesburg Housing Market Information

With 51,209 people, 15,673 houses or apartments, and a median cost of homes of $458,459, 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 44.97% of the town's housing units. Other types of housing that are prevalent in Leesburg include row houses and other attached homes ( 27.72%), large apartment complexes or high rise apartments ( 24.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.26%).

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 68.46% of Leesburg's homes, and 61.62% 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 ( 29.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.30%). There's also some housing in Leesburg built before 1939 ( 2.90%).

Leesburg Home Appreciation Rates

Leesburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Leesburg during the period has been just -1.32%, which is lower than 70% of US communities.

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 1.72%, 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 -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Leesburg's latest annual appreciation rate is higher than 50% 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:
$458,459

Leesburg, VA HOME PRICES

Value Range
> $1,108,000 0.6
$831,001 - $1,108,000 1.6
$554,001 - $831,000 21.8
$444,001 - $554,000 18.0
$333,001 - $444,000 23.5
$222,001 - $333,000 22.3
$111,001 - $222,000 8.5
$56,001 - $111,000 1.7
$0 - $56,000 2.0

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
7.12527833118481 8.86426592797784

Number Of Homes And Apartments:
15,673

Leesburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
67.99% 3.05% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,890 / per month

Homeownership Rate

Homeownership
Owners 68.46
Renters 31.54
Vacant 5.36

Housing Market Details

 

Age of Homes

AGE OF Leesburg HOMES
2000 or Newer 29.2
1970 - 1999 59.6
1940 - 1969 8.3
1939 or Older 2.9

Types of Homes

TYPE OF Leesburg HOMES
Single-Family 45.0
Townhomes 27.7
Small Apt. Buildings 2.3
Apt. Complexes 24.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Leesburg HOMES
No Bedroom 1.73
1 Bedroom 8.71
2 Bedrooms 17.53
3 Bedrooms 33.68
4 Bedrooms 27.95
5 or more bedrooms 10.41