Life in Leesburg, Virginia
Leesburg, Virginia is known as a picturesque region that serves as an ideal commuter market for Washington, D.C.
Leesburg is only 33-miles northwest of America’s capital city. There are an estimated 54,200 people who call Leesburg home, and the town gets high marks across the board for quality of life.
Leesburg, Virginia Real Estate
This area of Virginia has been rated with an A+ by the very people who live in the city for its excellent schools, amenities, crime rates, family atmosphere, and diversity. The housing market is part of the overall rating with homes being above the national price average.
The median home price in Leesburg is $465,000 – $495,000, which is a 10% increase from where the market was just one year ago. Homeowners make up about 88% of the real estate market, with an average household income of $130,000. Property taxes are over $3000 annually, which the city uses to maintain various public spaces, roads and city services.
The city has seen some of the lowest home inventory in over a decade; which some real estate experts say will start raising housing costs leading to a seller’s market. Real estate agents representing sellers report that they are getting asking price or higher for homes in Leesburg.
The quick-selling and most desired homes are single family homes and townhome structures, which saw the most significant change in price fluctuations. Condos saw very little change according to the most recent data by the Dulles Association of Realtors. Further, homes in early 2018 were on the market for an average of 64-days. Today, they only stay on the market at about 44-days.
Local real estate professionals say the slower market (due to low inventory) looks to be picking back up with more active listings hitting the market in Spring and going into Summer. The new inventory should give homebuyers a chance to get into the market, although they may see some higher price points and competition.
Life in Leesburg, Virginia
Residents in Leesburg generally enjoy living in the area, noting how safe they feel and how easy it is to raise a family there. There is access to a lot of entertainment, and cultural experiences for all ages; and parents stress how pleased they are with the more than 45-public and private schools.
Helpful Leesburg Links
City of Leesburg – Resident and business resources
Parks and Recreation – Community experiences, park resources, and outdoor opportunities
Events and Entertainment – Learn more about living and attending events in Leesburg
