Real Estate Investing in Leesburg, Florida (34748)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34748 (Leesburg, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.5% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.6% in the last year.
What’s happening in Leesburg, FL (34748)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34748 Leesburg
Not every below-median market is a bargain. Leesburg's 34748 ZIP sits at signals that favor experienced operators who can absorb the risk $274K pricing implies.
Looking more closely, the numbers look inviting — $274K purchase price, 0.0% nominal cap — the work to hit that pro forma in 34748 is substantial and deserves full respect.
Looking more closely, 34748 offers a low basis, the region around Leesburg has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 34748 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 34748 is an operator game, not a passive one. Stepping back, entry prices of $274K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Leesburg:
Property Strategy for 34748
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $91,527 | $1,340 | 10.5% | +6.5% | $91,527 |
| 2BR | $219,632 | $1,520 | 5.0% | +6.6% | $109,816 |
| 3BR | $295,327 | $1,920 | 4.7% | +6.5% | $98,442 |
| 4BR | $351,428 | $2,320 | 4.8% | +6.7% | $87,857 |
| 5BR | $405,814 | — | — | +6.4% | $81,163 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34748 Compare?
| Metric | 34748 | Leesburg | Orlando-Kissimmee-Sanford, FL | Florida |
|---|---|---|---|---|
| Home Value | $274,372 | $295,767 | N/A | $374,697 |
| 5-Year CAGR | 3.8% | 4.1% | N/A | 7.4% |
| Avg Rent | $1,636 | $1,684 | N/A | - |
| Cap Rate | 4.7% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34748 (Leesburg, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 34748 (Leesburg, FL)?
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Property managers serving Lake County
Manage rentals here? List your business →Towers Property Management provides community association management services to homeowners associations and condominium associations in Central Florida, including Orlando, Altamonte Springs, Oviedo, summary from their website
Gunn Property Services offers full-service Leesburg property management to owners and investors, helping find and apply for rental homes in Leesburg and The Villages. summary from their website
MOSAIC® provides property management services in Central Florida. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $274,372 |
| Monthly Rent | $1,636 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | -3.6% ▼ |
| 3-Year CAGR | -2.7% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 34748
Population: 45,960
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 34748
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,150 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Leesburg, FL for investors?
Investors tracking Leesburg, FL will find a 3.0/5 rating supported by $274K median home values and $1,636/mo rents. That profile suits long-term holders targeting stable returns.
Are there empty rentals in Leesburg, FL?
Vacancy in Leesburg, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,636/mo.
How much is rent in Leesburg, FL?
Rents in Leesburg, FL run near $1,636/mo. Compared with median home prices of $274K that produces solid gross yields for typical rentals.
How do experienced investors play Leesburg, FL?
The best-fit strategy in Leesburg, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How landlord-friendly is Leesburg, FL?
The landlord environment in Leesburg, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 34748 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 34748 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 34748 ranks in Orlando-Kissimmee-Sanford, FL
Every ZIP in this metro, ranked. Free.
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