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 15,959 people, 1,854 houses or apartments, and a median cost of homes of $249,779, house prices in Fort Leonard Wood are solidly below the national average.
Row houses and other attached homes are the single most common housing type in Fort Leonard Wood, accounting for 40.69% of the town's housing units. Other types of housing that are prevalent in Fort Leonard Wood include duplexes, homes converted to apartments or other small apartment buildings ( 25.49%), single-family detached homes ( 24.25%), and a few large apartment complexes or high rise apartments ( 8.02%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Renters dominate Fort Leonard Wood's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.
Fort Leonard Wood homes and real estate are some of the newest in America. 42.88% of Fort Leonard Wood's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fort Leonard Wood real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.32%), and between 1940-1969 ( 14.24%). There's also some housing in Fort Leonard Wood built before 1939 ( 1.56%).
Vacant housing appears to be an issue in Fort Leonard Wood. Fully 26.05% of the housing stock is classified as vacant. Left unchecked, vacant Fort Leonard Wood homes and apartments can be a drag on the real estate market, holding Fort Leonard Wood real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Fort Leonard Wood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.11%, which ranks in the top 50% nationwide. This equates to an annual average Fort Leonard Wood house appreciation rate of 7.08%.
NeighborhoodScout's data show that during the latest twelve months, Fort Leonard Wood's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, Fort Leonard Wood's appreciation rate has been 0.57%, which annualizes to a rate of 2.29%.
Relative to Missouri, our data show that Fort Leonard Wood's latest annual appreciation rate is higher than 50% of the other cities and towns in Missouri.
$249,779
for Missouri
for nation
1,854
$1,858 / per month