Leesburg, Virginia 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 186% above the Virginia median$731,225
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Median rent 30% above the Virginia median$2,058
Housing Market Overview
| Metric | Leesburg | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $731,225 | $256,082 | $248,835 |
| Price Trend (Annual %) | 14.4% | 3.5% | 7.5% |
| Median Gross Rent | $2,058 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Leesburg is about 186% higher than in Virginia. Rent is about 30% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Leesburg, up about 14.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Leesburg rose about 49.1% between 2015 and 2024, from $1,380 to $2,058. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Leesburg.
Buying the median-priced home in Leesburg costs roughly 29.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Leesburg. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Leesburg | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $731,225 | $256,082 | $248,835 |
| Median Household Income | $130,853 | $93,527 | $80,455 |
| Price-to-Income Ratio | 5.6 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Leesburg rose about 116.9%, while median household income rose about 29.2% 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 | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 61.5% | 58.5% |
| Rental Rate | 33.9% | 29.8% | 31.2% |
| Vacancy Rate | 3.4% | 8.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Leesburg has a homeownership rate of 62.8%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 3.4%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Leesburg | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.08 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1991 | 1982 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in Leesburg was built around 1991. On average, 3.1 people live in a home with about 6.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Leesburg, Virginia.
What is the median home price in Leesburg, Virginia?
The median home price in Leesburg, Virginia is $731,225, higher than the Virginia average of $256,082.
What is the average home price in Leesburg, Virginia?
The typical home price in Leesburg, Virginia, reported as the median sale price, is $731,225. 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, Virginia?
The median gross rent in Leesburg, Virginia is $2,058 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Leesburg in 2020?
In 2020, the median gross rent in Leesburg, Virginia was $1,641 per month.
What is the price-to-rent ratio in Leesburg, Virginia?
The price-to-rent ratio in Leesburg, Virginia is about 29.6, meaning it would take roughly 29.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Leesburg.
Are home prices or rent rising faster in Leesburg, Virginia?
Both home prices and rent are rising in Leesburg, up about 14.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Leesburg, Virginia?
62.8% of households in Leesburg, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Leesburg, Virginia?
The housing vacancy rate in Leesburg, Virginia is 3.4%, lower than the Virginia average of 8.7%.
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