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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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'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.
$186,361
for Ohio
for nation
894
$938 / per month