Leesburg, FL—34748
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 $278,000, with a year-over-year change of -5.5%. This indicates that home prices in Leesburg, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $278,000 | -5.5% |
| Single Family | $280,000 | -6.0% |
| Condos | $104,000 | -16.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $92,000 | -10.7% |
2 Bed | $220,000 | -6.8% |
3 Bed | $295,000 | -5.4% |
4 Bed | $351,000 | -3.8% |
| 5 Bed | $406,000 | -3.3% |
% of Housing Stock
Rental Trends — Leesburg, FL
As of July '25, Rentcast reports the average rent in Leesburg, FL is $1,600, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Leesburg, FL is studios: $919, 1-bedrooms: $1,100, 2-bedrooms: $1,390, 3-bedrooms: $1,880, 4-bedrooms: $2,200. The most common rental property sizes in Leesburg, FL are 2-bedroom and 3-bedroom, accounting for 45.4% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,460 | $1,600 |
| Studio Rent | $929 | $919 |
| 1 Bed Rent | $1,030 | $1,100 |
| 2 Bed Rent | $1,350 | $1,390 |
| 3 Bed Rent | $1,900 | $1,880 |
| 4 Bed Rent | $2,200 | $2,200 |
% 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 69. This is a increase of 34.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | -4.0% |
Listing Count | 469 | 19.0% |
| Listings as % of Homes | 1.3% | 19.0% |
Days on Market | 69 | 34.0% |
Demographics — Leesburg, FL
As of the latest ACS Survey released in 2023, Leesburg, FL has a population of 46,000, which has increased by 17.2% over the past 5 years. Leesburg, FL is a less popular place for families, as children make up 14.5% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,000 | 17.2% |
% Under 18 | 14.5% | -9.4% |
% Seniors | 42.1% | -2.3% |
% WFH | 11.0% | 175.0% |
% w/ College Degree | 23.8% | 25.3% |
As of the latest ACS Survey released in 2023, Leesburg, FL is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Leesburg, FL is black, making up 15.8% of the population. Foreign-born residents account for 9.1% of the population in Leesburg, FL, and this percentage has increased by 35.8% 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 | 64.4% | -7.3% |
% Black | 15.8% | -7.6% |
% Hispanic | 15.2% | 44.8% |
% Asian | 1.1% | -26.7% |
% Foreign Born | 9.1% | 35.8% |
Mortgage and Risk — Leesburg, FL
According to HUD data as of 2023, there were 2252 mortgage originations in Leesburg, FL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 26.0% 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. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,252 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Leesburg, FL
As of 2024, the percent of homes in Leesburg, FL under the Section 8 program is 6.0%. 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 | 493 |
Total Units Section 8 | 493 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,030 | $1,480 |
| 2 Bedroom | $330 | $1,350 | $1,680 |
| 3 Bedroom | $230 | $1,900 | $2,130 |
| 4 Bedroom | $370 | $2,200 | $2,570 |
Affordability — Leesburg, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $278,000 |
| Median Household Income | $53,800 |