The typical owner-occupied home in Leesburg is worth about $187,500, 59% below the New Jersey median of $454,400 and 44% below the national median of $332,700. Owners pay a median $5,911 a year in property taxes, about 3.15% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $58,750 a year, so the median home costs 3.2 times the median income (4.4 times for New Jersey). 88% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Leesburg at a glance
| Leesburg | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $187,500 | $454,400 | $332,700 |
| Median property tax paid per year | $5,911 | $9,590 | $3,119 |
| Property tax as a share of value | 3.15% | 2.11% | 0.94% |
| Median household income | $58,750 | $103,556 | $80,734 |
| Homes lived in by their owners | 88% | 64% | 65% |
| Owner homes with a mortgage | 26% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,536 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1954 | 1970 | 1980 |
| Vacant homes | 11.8% | 7.5% | 10.1% |
| Population | 431 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Leesburg
At this week's average 30-year rate of 7.11%, buying the median Leesburg home of $187,500 with 20% down costs about $1,579 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,892, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $67,687 for the 20%-down payment. That payment is 32% of the median Leesburg household income of $58,750; at that income and 20% down, the 28% guideline points to a home of about $163,000.
| Down payment | $37,500 |
|---|---|
| Loan amount | $150,000 |
| Principal and interest | $1,009 |
| Property taxes (3.15% a year) | $492 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,579 |
Change the numbers in the calculator
| Down payment | $6,562 |
|---|---|
| Loan amount | $184,104 |
| Principal and interest | $1,238 |
| Property taxes (3.15% a year) | $492 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $83 |
| Total per month | $1,892 |
Change the numbers in the calculator
Questions about home buying in Leesburg
What is the median home value in Leesburg?
About $187,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Leesburg?
Homeowners pay a median $5,911 a year, which is about 3.15% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Leesburg?
For the median home with 20% down at 7.11%, the payment is about $1,579 a month. Keeping that under 28% of gross income takes about $67,687 a year.
More about Leesburg
- Mortgage Refinance in Leesburg
- Debt Relief in Leesburg
- Home Equity Loans in Leesburg
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data