Leonard, MI housing market
The typical Leonard home is worth about $528,000, up 4.5% in a year, 98% above the Michigan typical home.
Home values, sales, trends and how Leonard compares with the towns next door — updated as new data is published.
Leonard at a glance
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Leonard | Michigan |
|---|---|---|
| 2017 | $311,000 | $144,000 |
| 2018 | $335,000 | $155,000 |
| 2019 | $346,000 | $165,000 |
| 2020 | $351,000 | $175,000 |
| 2021 | $385,000 | $194,000 |
| 2022 | $433,000 | $217,000 |
| 2023 | $457,000 | $230,000 |
| 2024 | $470,000 | $241,000 |
| 2025 | $494,000 | $253,000 |
| 2026 | $517,000 | $262,000 |
| August 2026 | $528,000 | $266,000 |
3 new homes permitted in 2025
Builders were permitted 3 new homes in Leonard in 2025, all single-family houses, worth about $1.1 million to build. Over the past 10 years, Leonard has permitted 7 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Leonard's population fell by 26 even though 3 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $1.1 million |
| 2025 | 3 | 3 | 0 | $1.1 million |
| 2024 | 1 | 1 | 0 | $525,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 1 | 1 | 0 | $361,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 1 | 1 | 0 | $335,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $350,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 2 | 2 | 0 | $407,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $311,000 |
| 2007 | 1 | 1 | 0 | $324,000 |
| 2006 | 1 | 1 | 0 | $300,000 |
| 2005 | 3 | 3 | 0 | $845,000 |
| 2004 | 3 | 3 | 0 | $330,000 |
| 2003 | 2 | 2 | 0 | $220,000 |
| 2002 | 1 | 1 | 0 | $152,000 |
| 2001 | 1 | 1 | 0 | $96,000 |
| 2000 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,370
HUD's Fair Market Rent for a two-bedroom in Leonard is $1,370 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $980 · 4 bedrooms $1,810
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48367; Detroit-Warren-Livonia, MI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.