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Leroy

Learn about the people, housing, costs and businesses in Leroy, Alabama

Median Home$160,900
Median Rent$791/month
Population664
Leading IndustriesPublic Administration · Information & Media · Retail35% public administration
Home Value Growth⬆⬆⬆+30.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners83% of occupied units
NotableAffordable Market$161k median home · lower cost than 69% of the country
Leroy
AL

Frequently Asked Questions

What are today's mortgage rates in Leroy?

As of today, the 30-year fixed mortgage rate for Leroy is approximately 6.984% (7.026% 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 Leroy?

The median home value in Leroy is $161k. The median monthly rent is $791. Annual property taxes average $293. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leroy?

Home values in Leroy have increased 30.9% 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 Leroy?

Based on a typical all-in ownership cost of $500/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leroy is $57k/year.

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What industries drive the economy in Leroy?

The largest employment sectors in Leroy are public administration (35%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.