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 2,116, 923 total housing units (homes and apartments), and a median house value of $117,848, house prices in Leechburg are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Leechburg, accounting for 74.59% of the borough's housing units. Other types of housing that are prevalent in Leechburg include duplexes, homes converted to apartments or other small apartment buildings ( 11.38%), large apartment complexes or high rise apartments ( 10.02%), and a few row houses and other attached homes ( 4.01%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leechburg. Owner-occupied housing accounts for 66.31% of Leechburg's homes, and 50.27% have either three or four bedrooms, which is average sized relative to America.
The housing in Leechburg was primarily built before 1939 ( 45.36%), making the housing stock in Leechburg some of the oldest overall in America, although there is a range of ages of homes in Leechburg. The next most important housing age is between 1940-1969 ( 41.53%), followed by between 1970-1999 ( 13.11%).
Vacant housing appears to be an issue in Leechburg. Fully 15.94% of the housing stock is classified as vacant. Left unchecked, vacant Leechburg homes and apartments can be a drag on the real estate market, holding Leechburg 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.
Leechburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Leechburg during the period has been just 4.65%, which is lower than 80% of US communities.
Over the last year, Leechburg appreciation rates have trailed the rest of the nation. In the last twelve months, Leechburg's appreciation rate has been 3.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Leechburg were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Leechburg's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.
$117,848
for Pennsylvania
for nation
923
$1,042 / per month