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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Le Roy, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Le Roy, MI Housing Market Trends

With 257 people, 72 houses or apartments, and a median cost of homes of $234,017, house prices in Le Roy are solidly below the national average.

Single-family detached homes are the single most common housing type in Le Roy, accounting for 95.83% of the village's housing units. Other types of housing that are prevalent in Le Roy include mobile homes or trailers ( 2.78%), duplexes, homes converted to apartments or other small apartment buildings ( 1.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Le Roy. Owner-occupied housing accounts for 88.89% of Le Roy's homes, and 81.94% have either three or four bedrooms, which is average sized relative to America.

The housing in Le Roy was primarily built before 1939 ( 45.83%), making the housing stock in Le Roy some of the oldest overall in America, although there is a range of ages of homes in Le Roy. The next most important housing age is between 1970-1999 ( 30.56%), followed by between 1940-1969 ( 13.89%). There's also some housing in Le Roy built between 2000 and later ( 9.72%).

Le Roy Home Appreciation Rates

Appreciation rates for homes in Le Roy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.34%, which ranks in the top 30% nationwide. This equates to an annual average Le Roy house appreciation rate of 7.87%.

Appreciation rates are so strong in Le Roy that despite a nationwide downturn in the housing market, Le Roy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Le Roy appreciation rates continue to be some of the highest in America, at 11.17%, which is higher than appreciation rates in 91.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Le Roy. Le Roy appreciation rates in the latest quarter were at 0.88%, which equates to an annual appreciation rate of 3.56%.

Relative to Michigan, our data show that Le Roy's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$234,017

Le Roy, MI Home Prices
> $1,509,000
$1,132,001 - $1,509,000
$755,001 - $1,132,000
$604,001 - $755,000
$453,001 - $604,000
$302,001 - $453,000
$151,001 - $302,000
$75,001 - $151,000
$0 - $75,000
0.5%
0.5%
2.4%
2.4%
1.0%
1.0%
2.1%
2.1%
7.2%
7.2%
21.0%
21.0%
38.4%
38.4%
17.6%
17.6%
9.7%
9.7%
0% 100.0%
% of Homes
Average

for Michigan

Low

for nation

Number of Homes And Apartments:

72

Le Roy Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,571 / per month

Homeownership Rate

Owners
Renters
88.9%
88.9%
11.1%
11.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.0%
0.0%
100.0%
100.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.7%
9.7%
30.6%
30.6%
13.9%
13.9%
45.8%
45.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
95.8%
95.8%
0.0%
0.0%
1.4%
1.4%
0.0%
0.0%
2.8%
2.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.6%
5.6%
8.3%
8.3%
50.0%
50.0%
31.9%
31.9%
4.2%
4.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Le Roy

Popular Communities Near Le Roy, MI

Zip Codes in Le Roy, MI