Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Leonard

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

Median Home$417,726
Population378
Leading IndustriesRetail · Education26% retail
Home Value Growth+0.7% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners96% of occupied units
NotableHigh Incomes$111k/year · top 12% nationally
NotableHighly Educated23% bachelor's · 13% graduate · top 23% nationally
Leonard
MI

Frequently Asked Questions

What are today's mortgage rates in Leonard?

As of today, the 30-year fixed mortgage rate for Leonard is approximately 6.870% (6.905% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Leonard
What is the median home price in Leonard?

The median home value in Leonard is $418k. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leonard?

Home values in Leonard have increased 0.7% over the past two years. The market has been relatively stable. 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 $1,509/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leonard is $111k/year.

Calculate your buying power
What industries drive the economy in Leonard?

The largest employment sectors in Leonard are retail (26%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.