Leesburg, VA

Population: 44,889
Average annual home appreciation rate: 3.63%
Total of homes for sale in this market: 349
Median home price: $390,045
Median Rent: $1,285
Home price range: 24.76% of homes are between $303,001 – $404,000
Median sales price: $440,000
Number of homes: 85
Median foreclosure sales price: $305,500
Foreclosure discount: $134,500 ( 30.6% )
Most common home type: 46.58% of homes are single family detached
Number of vacant homes: 4.98%
Number of renters: 25.31%
Number of owner occupied: 74.69%
Number people living below poverty level: 6.63%
Unemployment rate: 3.50%
Is this area perfect for real estate deals going on right now? The Leesburg market has been a performer for the past decade…not only in Virginia, but compared the the nation as a whole. There are other factors that help motivate investors when it comes to investing in the Leesburg market…just to name a few: 1. As mentioned, the home appreciation rate is some of the highest in the nation. 2. Great discounts on troubled homes (30.6%) 3. High rental rates in the market There are other factors that make this market appealing to savvy investor.

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