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, 2,028 houses or apartments, and a median cost of homes of $240,040, house prices in Fort Leonard Wood are solidly below the national average.
Single-family detached homes are the single most common housing type in Fort Leonard Wood, accounting for 32.86% 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 ( 30.52%), row houses and other attached homes ( 29.15%), and a few large apartment complexes or high rise apartments ( 6.32%).
Renters dominate Fort Leonard Wood's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Fort Leonard Wood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fort Leonard Wood built between 2000 and later ( 31.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.90%). There's also some housing in Fort Leonard Wood built before 1939 ( 2.07%).
Vacant housing appears to be an issue in Fort Leonard Wood. Fully 22.33% 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.
Real estate appreciation rates in Fort Leonard Wood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.32% during the period.
Over the last year, Fort Leonard Wood appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Leonard Wood's appreciation rate has been 1.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Leonard Wood were at -0.73%, which equates to an annual appreciation rate of -2.90%.
Notably, Fort Leonard Wood's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Fort Leonard Wood's latest annual appreciation rate is lower than 50% of the other cities and towns in Missouri.
$240,040
for Missouri
for nation
2,028
$1,818 / per month