The typical owner-occupied home in Leeds is worth about $480,600, about the same as the Utah median of $489,400 and 44% above the national median of $332,700. Owners pay a median $2,435 a year in property taxes, about 0.51% of their home's value, close to the Utah rate of 0.52%. The median household earns $84,688 a year, so the median home costs 5.7 times the median income (5.1 times for Utah). 80% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Leeds at a glance
| Leeds | Utah | U.S. | |
|---|---|---|---|
| Median home value | $480,600 | $489,400 | $332,700 |
| Median property tax paid per year | $2,435 | $2,525 | $3,119 |
| Property tax as a share of value | 0.51% | 0.52% | 0.94% |
| Median household income | $84,688 | $95,166 | $80,734 |
| Homes lived in by their owners | 80% | 70% | 65% |
| Owner homes with a mortgage | 53% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,970 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 25.2% | 20.5% | 21.0% |
| Median rent | $1,413 | $1,496 | $1,413 |
| Rent as a share of renters' income | 17.7% | 28.9% | 30.6% |
| Median year homes were built | 1992 | 1992 | 1980 |
| Vacant homes | 22.2% | 8.1% | 10.1% |
| Population | 646 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Leeds
At this week's average 30-year rate of 7.11%, buying the median Leeds home of $480,600 with 20% down costs about $2,991 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,792, 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 $128,183 for the 20%-down payment. That payment is 42% of the median Leeds household income of $84,688; at that income and 20% down, the 28% guideline points to a home of about $318,000.
The median rent here is $1,413 a month, so owning the median home costs about $1,578 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $96,120 |
|---|---|
| Loan amount | $384,480 |
| Principal and interest | $2,586 |
| Property taxes (0.51% a year) | $204 |
| Homeowners insurance (our estimate, 0.5% a year) | $200 |
| PMI | $0 |
| Total per month | $2,991 |
Change the numbers in the calculator
| Down payment | $16,821 |
|---|---|
| Loan amount | $471,895 |
| Principal and interest | $3,174 |
| Property taxes (0.51% a year) | $204 |
| Homeowners insurance (our estimate, 0.5% a year) | $200 |
| FHA mortgage insurance | $213 |
| Total per month | $3,792 |
Change the numbers in the calculator
Questions about home buying in Leeds
What is the median home value in Leeds?
About $480,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Leeds?
Homeowners pay a median $2,435 a year, which is about 0.51% 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 Leeds?
For the median home with 20% down at 7.11%, the payment is about $2,991 a month. Keeping that under 28% of gross income takes about $128,183 a year.
More about Leeds
- Mortgage Refinance in Leeds
- Debt Relief in Leeds
- Home Equity Loans in Leeds
- 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