Leesburg, IN—46538
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leesburg, IN
As of Oct '25, the median home price in Leesburg, IN is $349,000, with a year-over-year change of 0.9%. This indicates that home prices in Leesburg, IN are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $349,000 | 0.9% |
| Single Family | $349,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | 0.4% |
3 Bed | $343,000 | 0.6% |
4 Bed | $500,000 | 1.0% |
| 5 Bed | $632,000 | 1.0% |
% of Housing Stock
Rental Trends — Leesburg, IN
As of July '25, Rentcast reports the average rent in Leesburg, IN is $975, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Leesburg, IN is 1-bedrooms: $1,000, 2-bedrooms: $950. The most common rental property sizes in Leesburg, IN are 2-bedroom and 1-bedroom, accounting for 45.8% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $975 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Leesburg, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Leesburg, IN is 83. This is a increase of 66.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $428,000 | 7.0% |
Listing Count | 29 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 83 | 66.0% |
Demographics — Leesburg, IN
As of the latest ACS Survey released in 2023, Leesburg, IN has a population of 4,370, which has increased by 13.4% over the past 5 years. Leesburg, IN is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,370 | 13.4% |
% Under 18 | 24.7% | -5.7% |
% Seniors | 21.5% | 15.0% |
% WFH | 11.6% | 169.8% |
% w/ College Degree | 30.5% | 2.3% |
As of the latest ACS Survey released in 2023, Leesburg, IN is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Leesburg, IN is hispanic, making up 4.7% of the population. Foreign-born residents account for 4.0% of the population in Leesburg, IN, and this percentage has increased by 166.7% 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 | 92.3% | -3.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.7% | 213.3% |
% Asian | 0.6% | -40.0% |
% Foreign Born | 4.0% | 166.7% |
Mortgage and Risk — Leesburg, IN
According to HUD data as of 2023, there were 194 mortgage originations in Leesburg, IN, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Leesburg, IN. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 194 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 20.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Leesburg, IN
Leesburg, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,000 | $900 |
| 2 Bedroom | $160 | $950 | $1,110 |
| 3 Bedroom | N/A | N/A | $1,370 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Leesburg, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $349,000 |
| Median Household Income | $86,900 |