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Leesburg

Learn about the people, housing, costs and businesses in Leesburg, Indiana

Median Home$250,400
Median Rent$1,074/month
Population517
Leading IndustriesRetail · Education · Finance & Insurance27% retail
Home Value Growth⬆⬆⬆+37.9% over 2 years
Retirees26% of residentsabove average nationally
Homeowners89% of occupied units
NotableHigh Incomes$87k/year · top 28% nationally
Leesburg
IN

Frequently Asked Questions

What are today's mortgage rates in Leesburg?

As of today, the 30-year fixed mortgage rate for Leesburg is approximately 7.001% (7.041% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Leesburg?

The median home value in Leesburg is $250k. The median monthly rent is $1,074. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leesburg?

Home values in Leesburg have increased 37.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Leesburg?

Based on a typical all-in ownership cost of $1,082/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leesburg is $87k/year.

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What industries drive the economy in Leesburg?

The largest employment sectors in Leesburg are retail (27%) and public administration (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.