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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.



Leetonia, OH 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 Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

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

Leetonia, OH Housing Market Trends

With 1,790 people, 894 houses or apartments, and a median cost of homes of $186,361, house prices in Leetonia are solidly below the national average.

Single-family detached homes are the single most common housing type in Leetonia, accounting for 86.31% of the village's housing units. Other types of housing that are prevalent in Leetonia include duplexes, homes converted to apartments or other small apartment buildings ( 6.54%), row houses and other attached homes ( 2.76%), and a few mobile homes or trailers ( 1.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Leetonia. Owner-occupied housing accounts for 76.17% of Leetonia's homes, and 71.09% have either three or four bedrooms, which is average sized relative to America.

The housing in Leetonia was primarily built before 1939 ( 46.07%), making the housing stock in Leetonia some of the oldest overall in America, although there is a range of ages of homes in Leetonia. The next most important housing age is between 1940-1969 ( 26.86%), followed by between 1970-1999 ( 17.06%). There's also some housing in Leetonia built between 2000 and later ( 10.01%).

Leetonia Home Appreciation Rates

Leetonia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Leetonia during the period has been just 5.46%, which is lower than 80% of US communities.

Appreciation rates are so strong in Leetonia that despite a nationwide downturn in the housing market, Leetonia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Leetonia appreciation rates continue to be some of the highest in America, at 9.45%, which is higher than appreciation rates in 75.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Leetonia. Leetonia appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.61%.

Importantly, this makes Leetonia one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Ohio, our data show that Leetonia's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$186,361

Leetonia, OH Home Prices
> $1,239,000
$929,001 - $1,239,000
$619,001 - $929,000
$495,001 - $619,000
$372,001 - $495,000
$248,001 - $372,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
0.2%
0.2%
0.9%
0.9%
2.8%
2.8%
1.0%
1.0%
5.4%
5.4%
17.7%
17.7%
39.0%
39.0%
22.3%
22.3%
10.6%
10.6%
0% 100.0%
% of Homes
Low

for Ohio

Low

for nation

Number of Homes And Apartments:

894

Leetonia Appreciation Rates

Rent & Ownership

Average Market Rent:

$938 / per month

Homeownership Rate

Owners
Renters
76.2%
76.2%
23.8%
23.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.7%
8.7%
91.3%
91.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.0%
10.0%
17.1%
17.1%
26.9%
26.9%
46.1%
46.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.3%
86.3%
2.8%
2.8%
6.5%
6.5%
1.8%
1.8%
1.9%
1.9%
0.6%
0.6%
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%
5.0%
5.0%
20.6%
20.6%
57.9%
57.9%
13.2%
13.2%
3.3%
3.3%
0% 100.0%
% of Homes