Quick facts: Leesburg, FL

Quick Facts

107.5
Cost of Living
above US average
29,178
Population
37.97
Crime Rate per 1000
above US average
$43,733
Median Income
below US average
$255,000
Median House Price
above US average
$1552.46
Average Rent
above US average
11%
Poverty Rate
above US average
4.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $43,733.

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Income Needed to Buy

βœ— Stretch
$80k/year
Based on $255,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $80k vs median $43,733
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Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1552.46/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $43,733
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Leesburg, FL

Leesburg, Florida, is a charming city located in Lake County, known for its beautiful lakes, historical sites, and vibrant community atmosphere. Situated in the heart of Central Florida, it boasts a rich history dating back to its founding in the late 1800s. The city is surrounded by several lakes, including Lake Harris and Lake Griffin, which offer ample opportunities for fishing, boating, and outdoor recreation. Leesburg's downtown area features a mix of historic architecture, local shops, and restaurants, making it a pleasant spot for both residents and visitors. The city hosts various cultural events throughout the year, including the Leesburg Art Festival and the annual Bikefest. With a growing population, Leesburg offers a blend of small-town charm and modern amenities, appealing to families and retirees alike. The area also provides access to numerous parks, golf courses, and recreational facilities. Proximity to larger cities like Orlando enhances its appeal, offering residents both a serene lifestyle and access to urban attractions.

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