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Leon

Learn about the people, housing, costs and businesses in Leon, Iowa

Median Home$108,100
Median Rent$577/month
Population1,815
Leading IndustriesRetail · Public Administration · Construction23% retail
Home Value Growth⬆⬆+19.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners54% of occupied units
NotableAffordable Market$108k median home · lower cost than 89% of the country
Leon
IA

Frequently Asked Questions

What are today's mortgage rates in Leon?

As of today, the 30-year fixed mortgage rate for Leon is approximately 7.390% (7.444% 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 Leon?

The median home value in Leon is $108k. The median monthly rent is $577. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leon?

Home values in Leon have increased 19.9% 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 Leon?

Based on a typical all-in ownership cost of $640/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leon is $55k/year.

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What industries drive the economy in Leon?

The largest employment sectors in Leon are public administration (31%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.