Leeds, AL—35094
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leeds, AL
As of Oct '25, the median home price in Leeds, AL is $247,000, with a year-over-year change of -0.6%. This indicates that home prices in Leeds, AL are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | -0.6% |
| Single Family | $246,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $115,000 | -4.2% |
3 Bed | $237,000 | -0.4% |
4 Bed | $340,000 | 1.5% |
| 5 Bed | $442,000 | 1.4% |
% of Housing Stock
Rental Trends — Leeds, AL
As of July '25, Rentcast reports the average rent in Leeds, AL is $1,820, with a year-over-year rent change of 15.9%. Per bedroom, the median rent as of July '25 in Leeds, AL is 1-bedrooms: $825, 2-bedrooms: $1,030, 3-bedrooms: $1,840, 4-bedrooms: $2,320. The most common rental property sizes in Leeds, AL are 2-bedroom and 3-bedroom, accounting for 44.5% and 39.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $825 |
| 2 Bed Rent | $900 | $1,030 |
| 3 Bed Rent | $1,700 | $1,840 |
| 4 Bed Rent | $2,550 | $2,320 |
% of Rental Stock
Property Listings — Leeds, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Leeds, AL is 38. This is a increase of 3.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 0.0% |
Listing Count | 97 | -10.0% |
| Listings as % of Homes | 0.7% | -10.0% |
Days on Market | 38 | 3.0% |
Demographics — Leeds, AL
As of the latest ACS Survey released in 2023, Leeds, AL has a population of 15,300, which has increased by 6.2% over the past 5 years. Leeds, AL is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | 6.2% |
% Under 18 | 26.0% | 6.1% |
% Seniors | 16.8% | -2.9% |
% WFH | 9.1% | 250.0% |
% w/ College Degree | 29.2% | 10.6% |
As of the latest ACS Survey released in 2023, Leeds, AL is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Leeds, AL is black, making up 11.5% of the population. Foreign-born residents account for 3.4% of the population in Leeds, AL, and this percentage has decreased by 30.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.5% | -2.4% |
% Black | 11.5% | -20.1% |
% Hispanic | 8.8% | 66.0% |
% Asian | 0.4% | 100.0% |
% Foreign Born | 3.4% | -30.6% |
Mortgage and Risk — Leeds, AL
According to HUD data as of 2023, there were 241 mortgage originations in Leeds, AL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Leeds, AL. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Leeds, AL
As of 2024, the percent of homes in Leeds, AL under the Section 8 program is 17.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Leeds, AL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 203 |
Total Units Section 8 | 203 |
% Rentals under Section 8 | 17.9% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $800 | $1,030 |
| 2 Bedroom | $240 | $900 | $1,140 |
| 3 Bedroom | -$280 | $1,700 | $1,420 |
| 4 Bedroom | -$940 | $2,550 | $1,610 |
Affordability — Leeds, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $247,000 |
| Median Household Income | $74,300 |