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 a population of 15,959, 1,854 total housing units (homes and apartments), and a median house value of $251,498, 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 that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
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 102.65%, which ranks in the top 40% nationwide. This equates to an annual average Fort Leonard Wood house appreciation rate of 7.32%.
Appreciation rates are so strong in Fort Leonard Wood that despite a nationwide downturn in the housing market, Fort Leonard Wood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Leonard Wood appreciation rates continue to be some of the highest in America, at 5.74%, which is higher than appreciation rates in 84.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Leonard Wood. Fort Leonard Wood appreciation rates in the latest quarter were at -0.14%, which equates to an annual appreciation rate of -0.56%.
Relative to Missouri, our data show that Fort Leonard Wood's latest annual appreciation rate is higher than 70% of the other cities and towns in Missouri.
$251,498
for Missouri
for nation
1,854
$1,826 / per month