Quick facts: Leesburg, VA

Quick Facts

106
Cost of Living
above US average
48,974
Population
17.25
Crime Rate per 1000
below US average
$132,298
Median Income
above US average
$663,890
Median House Price
above US average
$2711.29
Average Rent
above US average
6%
Poverty Rate
below US average
2.8%
Unemployment Rate
below 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 $132,298.

🏠

Income Needed to Buy

βœ— Stretch
$208k/year
Based on $663,890 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $208k vs median $132,298
🏒

Income Needed to Rent

βœ“ Affordable
$116k/year
Based on $2711.29/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($132,298) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Leesburg, VA

Leesburg, Virginia, is the county seat of Loudoun County and is known for its rich history, vibrant community, and scenic landscapes. Situated in Northern Virginia, just 33 miles northwest of Washington, D.C., Leesburg serves as a hub for both residential living and commerce. The town's historic district features well-preserved buildings, charming shops, and a variety of dining options. Notable landmarks include the Loudoun Museum and the historic courthouse. Outdoor enthusiasts can enjoy the picturesque views and recreation opportunities at nearby parks, such as Ida Lee Park and the W&OD Trail, which is perfect for biking and walking. Leesburg also boasts a strong sense of community, with events like the Leesburg Flower and Garden Festival and the annual Christmas parade drawing residents and visitors alike. The area has experienced significant growth in recent years, with a mix of modern amenities and historical character. Leesburg’s schools are part of the highly-rated Loudoun County Public School system, making it an attractive location for families. With its blend of history, culture, and access to nature, Leesburg continues to thrive as a desirable place to live and visit.

πŸ” Search & Compare Places

First Location πŸ“