Leo, IN—46765
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leo, IN
As of Oct '25, the median home price in Leo, IN is $385,000, with a year-over-year change of 4.2%. This indicates that home prices in Leo, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $385,000 | 4.2% |
| Single Family | $385,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 5.8% |
3 Bed | $341,000 | 4.6% |
4 Bed | $435,000 | 3.6% |
| 5 Bed | $571,000 | 3.4% |
% of Housing Stock
Rental Trends — Leo, IN
As of July '25, Rentcast reports the average rent in Leo, IN is $1,700, with a year-over-year rent change of -11.5%. Per bedroom, the median rent as of July '25 in Leo, IN is 2-bedrooms: $1,450, 3-bedrooms: $1,760. The most common rental property sizes in Leo, IN are 3-bedroom and 1-bedroom, accounting for 42.1% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,450 | $1,450 |
| 3 Bed Rent | $1,800 | $1,760 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Leo, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Leo, IN is 51. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 10.0% |
Listing Count | 37 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 51 | -6.0% |
Demographics — Leo, IN
As of the latest ACS Survey released in 2023, Leo, IN has a population of 5,970, which has increased by 9.1% over the past 5 years. Leo, IN is a popular place for families, as children make up 26.7% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,970 | 9.1% |
% Under 18 | 26.7% | -6.3% |
% Seniors | 17.7% | 41.6% |
% WFH | 10.8% | 30.1% |
% w/ College Degree | 37.7% | 10.6% |
As of the latest ACS Survey released in 2023, Leo, IN is a predominantly white area, with 97.1% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Leo, IN is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.6% of the population in Leo, IN, and this percentage has decreased by 57.1% 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 | 97.1% | 1.1% |
% Black | 0.2% | 0.0% |
% Hispanic | 0.7% | -79.4% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.6% | -57.1% |
Mortgage and Risk — Leo, IN
Leo, IN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Leo, IN
Leo, 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 | N/A | N/A | $1,070 |
| 2 Bedroom | -$160 | $1,450 | $1,290 |
| 3 Bedroom | -$170 | $1,800 | $1,630 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Leo, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $385,000 |
| Median Household Income | $105,000 |