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 48,974, 16,468 total housing units (homes and apartments), and a median house value of $799,111, 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 44.15% of the town's housing units. Other types of housing that are prevalent in Leesburg include row houses and other attached homes ( 28.21%), large apartment complexes or high rise apartments ( 25.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.60%).
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 67.72% of Leesburg's homes, and 60.41% 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 ( 31.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.79%). There's also some housing in Leesburg built before 1939 ( 2.09%).
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 5.55%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Leesburg's appreciation rate, at 5.76%, has been at or slightly above the national average. In the latest quarter, Leesburg's appreciation rate has been 3.11%, which annualizes to a rate of 13.04%.
Importantly, this makes Leesburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Virginia, our data show that Leesburg's latest annual appreciation rate is lower than 60% 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.
$799,111
for Virginia
for nation
16,468
$2,550 / per month