Leesburg, Florida Housing Market Prices
Leesburg Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 25% below the Florida median$232,431
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Median rent 26% below the Florida median$1,238
Housing Market Overview
| Metric | Leesburg | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $232,431 | $311,338 | $248,835 |
| Price Trend (Annual %) | 9.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,238 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Leesburg is about 25% lower than in Florida. Rent is about 26% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Leesburg, up about 9.5% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Leesburg rose about 51.0% between 2015 and 2024, from $820 to $1,238. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Leesburg.
Buying the median-priced home in Leesburg costs roughly 15.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Leesburg. The price-to-rent ratio in Florida is about 15.6.
| Metric | Leesburg | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $232,431 | $311,338 | $248,835 |
| Median Household Income | $53,977 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.3 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Leesburg rose about 202.4%, while median household income rose about 24.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Leesburg | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.0% | 57.7% | 58.5% |
| Rental Rate | 26.6% | 27.7% | 31.2% |
| Vacancy Rate | 16.4% | 14.6% | 10.2% |
| Median Tenure (years) | 9.0 | 13.0 | 15.0 |
| Median Year Moved In | 2017 | 2013 | 2011 |
Leesburg has a homeownership rate of 57.0%, lower than the Florida average of 57.7%. Its housing vacancy rate is 16.4%, compared with 14.6% in Florida.
Housing Stock
| Metric | Leesburg | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1984 | 1988 | 1978 |
| Median Number of Rooms | 5.0 | 5.2 | 5.5 |
The typical housing unit in Leesburg was built around 1984. On average, 2.2 people live in a home with about 5.0 rooms, staying for about 9.0 years on average.
Leesburg, FL Housing Compared With Nearby Cities
How Leesburg, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Leesburg, FL | 22,742 | $232,431 #2/2 | $1,238 #1/2 | 68.2% #2/2 |
| Wildwood, FL | 20,550 | $324,525 | $1,218 | 85.8% |
Frequently Asked Questions
Common questions about the housing market in Leesburg, Florida.
What is the median home price in Leesburg, Florida?
The median home price in Leesburg, Florida is $232,431, lower than the Florida average of $311,338.
What is the average home price in Leesburg, Florida?
The typical home price in Leesburg, Florida, reported as the median sale price, is $232,431. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Leesburg, Florida?
The median gross rent in Leesburg, Florida is $1,238 per month, lower than the Florida average of $1,668.
What was the median gross rent in Leesburg in 2020?
In 2020, the median gross rent in Leesburg, Florida was $910 per month.
What is the price-to-rent ratio in Leesburg, Florida?
The price-to-rent ratio in Leesburg, Florida is about 15.7, meaning it would take roughly 15.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Leesburg.
Are home prices or rent rising faster in Leesburg, Florida?
Both home prices and rent are rising in Leesburg, up about 9.5% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Leesburg, Florida?
57.0% of households in Leesburg, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Leesburg, Florida?
The housing vacancy rate in Leesburg, Florida is 16.4%, higher than the Florida average of 14.6%.
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