LeChee—86040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — LeChee
As of Oct '25, the median home price in LeChee is $366,000, with a year-over-year change of 0.4%. This indicates that home prices in LeChee 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 | $366,000 | 0.4% |
| Single Family | $370,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — LeChee
As of July '25, Rentcast reports the average rent in LeChee is $1,520, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in LeChee is studios: $1,200, 1-bedrooms: $1,050, 2-bedrooms: $1,370, 3-bedrooms: $1,700, 4-bedrooms: $2,220. The most common rental property sizes in LeChee are 2-bedroom and 3-bedroom, accounting for 62.1% and 12.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,520 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,050 | $1,050 |
| 2 Bed Rent | $1,300 | $1,370 |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | $2,050 | $2,220 |
% of Rental Stock
Property Listings — LeChee
As of Oct '25, Realtor.com reports that the median days on market for a home in LeChee is 78. This is a decrease of -27.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $452,000 | 12.0% |
Listing Count | 35 | 17.0% |
| Listings as % of Homes | 0.6% | 17.0% |
Days on Market | 78 | -27.0% |
Demographics — LeChee
As of the latest ACS Survey released in 2023, LeChee has a population of 10,600, which has decreased by -1.8% over the past 5 years. LeChee is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | -1.8% |
% Under 18 | 28.1% | -5.7% |
% Seniors | 11.6% | 58.9% |
% WFH | 10.9% | 1,457.1% |
% w/ College Degree | 23.7% | 54.9% |
As of the latest ACS Survey released in 2023, LeChee is a predominantly white area, with 33.2% of the population identifying as white. The white population has grown by 11.8% in the last 5 years. The second most common race or ethnicity in LeChee is hispanic, making up 5.9% of the population. Foreign-born residents account for 1.3% of the population in LeChee, and this percentage has decreased by 62.9% 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 | 33.2% | 11.8% |
% Black | 1.4% | 180.0% |
% Hispanic | 5.9% | -20.3% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 1.3% | -62.9% |
Mortgage and Risk — LeChee
According to HUD data as of 2023, there were 93 mortgage originations in LeChee, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in LeChee. Investor activity is low, as 9.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 9.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — LeChee
LeChee 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 | $410 | $1,050 | $1,460 |
| 2 Bedroom | $380 | $1,300 | $1,680 |
| 3 Bedroom | $330 | $1,700 | $2,030 |
| 4 Bedroom | $320 | $2,050 | $2,370 |
Affordability — LeChee
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $366,000 |
| Median Household Income | $82,500 |