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Leicester

Learn about the people, housing, costs and businesses in Leicester, New York

Median Home$179,500
Median Rent$773/month
Population408
Leading IndustriesWholesale Trade · Finance & Insurance · Public Administration14% wholesale trade
Home Value Growth-1.2% over 2 years
Retirees24% of residentsslightly above average
Homeowners88% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Leicester
NY

Frequently Asked Questions

What are today's mortgage rates in Leicester?

As of today, the 30-year fixed mortgage rate for Leicester is approximately 6.937% (6.974% 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 Leicester?

The median home value in Leicester is $180k. The median monthly rent is $773. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leicester?

Home values in Leicester have decreased 1.2% over the past two years. Buyers may find more negotiating room in this market. 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 Leicester?

Based on a typical all-in ownership cost of $947/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leicester is $78k/year.

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What industries drive the economy in Leicester?

The largest employment sectors in Leicester are public administration (28%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.