Leesburg First-Time Homebuyer Report for October

Leesburg has one of the fastest growing populations in Virginia with a 65.7% increase over the last 10 years. Despite being ranked first for growth, it's currently only ranked 23rd in terms of total population with 42,616 residents. With a median age of 16 years, homes in Leesburg tend to be of moderate age. Leading the list of best schools in the city are Belmont Ridge Middle School and Loudoun County High School.

Price Range

Leesburg has some of the more expensive homes in the state with a median home value of $396,000 and a current average list price of $419,516. While home sales in the Leesburg market have been above average, in this week's report they slid 5.6% to 68 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Leesburg that generated the most views from potential buyers:

$439K   $463K   $449K  

Typical Dwelling

The typical dwelling in Leesburg is a three-bedroom townhouse worth about $328,395. To purchase a similar home, a buyer with good credit and a $65,679 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,651 monthly payment. The property tax rate is $9.61 per $1,000 of taxable assessed value.

Get started right now by checking out Leesburg homes for sale or reviewing Leesburg real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Living Realty, LLC.
Snapped 6 homes in this area
Weichert, REALTORS
Snapped 30 homes in this area
Rokeby Realty LTD
Snapped 13 homes in this area

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