Leesburg, FL—34788
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leesburg, FL
As of Oct '25, the median home price in Leesburg, FL is $286,000, with a year-over-year change of -4.7%. This indicates that home prices in Leesburg, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | -4.7% |
| Single Family | $293,000 | -4.6% |
| Condos | $175,000 | -8.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | -5.7% |
3 Bed | $307,000 | -3.2% |
4 Bed | $372,000 | -1.8% |
| 5 Bed | $418,000 | -1.6% |
% of Housing Stock
Rental Trends — Leesburg, FL
As of July '25, Rentcast reports the average rent in Leesburg, FL is $1,830, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Leesburg, FL is 1-bedrooms: $1,140, 2-bedrooms: $1,480, 3-bedrooms: $1,840, 4-bedrooms: $2,190. The most common rental property sizes in Leesburg, FL are 2-bedroom and 3-bedroom, accounting for 47.2% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $1,830 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,140 |
| 2 Bed Rent | $1,300 | $1,480 |
| 3 Bed Rent | $1,780 | $1,840 |
| 4 Bed Rent | $2,170 | $2,190 |
% of Rental Stock
Property Listings — Leesburg, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Leesburg, FL is 83. This is a increase of 51.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | 0.0% |
Listing Count | 89 | -16.0% |
| Listings as % of Homes | 0.8% | -16.0% |
Days on Market | 83 | 51.0% |
Demographics — Leesburg, FL
As of the latest ACS Survey released in 2023, Leesburg, FL has a population of 21,900, which has increased by 29.5% over the past 5 years. Leesburg, FL is a moderately popular place for families, as children make up 16.0% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 29.5% |
% Under 18 | 16.0% | 20.3% |
% Seniors | 34.8% | -12.3% |
% WFH | 15.5% | 181.8% |
% w/ College Degree | 19.9% | 16.4% |
As of the latest ACS Survey released in 2023, Leesburg, FL is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Leesburg, FL is hispanic, making up 11.5% of the population. Foreign-born residents account for 5.2% of the population in Leesburg, FL, and this percentage has increased by 48.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.6% | -13.9% |
% Black | 4.9% | 226.7% |
% Hispanic | 11.5% | 98.3% |
% Asian | 1.2% | 140.0% |
% Foreign Born | 5.2% | 48.6% |
Mortgage and Risk — Leesburg, FL
According to HUD data as of 2023, there were 463 mortgage originations in Leesburg, FL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Leesburg, FL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 463 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Leesburg, FL
As of 2024, the percent of homes in Leesburg, FL under the Section 8 program is 2.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Leesburg, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 63 |
Total Units Section 8 | 63 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,150 | $1,530 |
| 2 Bedroom | $440 | $1,300 | $1,740 |
| 3 Bedroom | $430 | $1,780 | $2,210 |
| 4 Bedroom | $460 | $2,170 | $2,630 |
Affordability — Leesburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $286,000 |
| Median Household Income | $57,500 |