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Leonard

Learn about the people, housing, costs and businesses in Leonard, Minnesota

Median Home$219,000
Median Rent$683/month
Population45
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining17% wholesale trade
Home Value Growth-9.4% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners81% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Leonard
MN

Frequently Asked Questions

What are today's mortgage rates in Leonard?

As of today, the 30-year fixed mortgage rate for Leonard is approximately 6.965% (7.004% 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 Leonard?

The median home value in Leonard is $219k. The median monthly rent is $683. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leonard?

Home values in Leonard have decreased 9.4% 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 Leonard?

Based on a typical all-in ownership cost of $850/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leonard is $63k/year.

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What industries drive the economy in Leonard?

The largest employment sectors in Leonard are public administration (24%) and wholesale trade (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.