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 about Scout's Real Estate Data
With a population of 3,492, 1,338 total housing units (homes and apartments), and a median house value of $218,334, house prices in Le Roy are solidly below the national average.
Single-family detached homes are the single most common housing type in Le Roy, accounting for 82.67% of the city's housing units. Other types of housing that are prevalent in Le Roy include row houses and other attached homes ( 6.45%), large apartment complexes or high rise apartments ( 5.66%), and a few mobile homes or trailers ( 2.90%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Le Roy. Owner-occupied housing accounts for 85.77% of Le Roy's homes, and 66.86% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Le Roy 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 Le Roy built between 1940-1969 ( 24.80%). A lesser amount of the housing stock also hails from before 1939 ( 24.37%). There's also some housing in Le Roy built between 2000 and later ( 16.17%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Le Roy, where house values have increased just 52.63%, which is annualized rate of 4.32%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Le Roy's appreciation rate, at 5.68%, has been at or slightly above the national average. In the latest quarter, Le Roy's appreciation rate has been 3.69%, which annualizes to a rate of 15.61%.
Importantly, this makes Le Roy 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 Illinois, our data show that Le Roy's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.
$218,334
for Illinois
for nation
1,338
$1,273 / per month