The Most Affordable Neighborhoods in Leonard, MO by Home Value

These days, finding an affordable place to live in the Leonard area can be challenging. Home prices in Leonard are now at a median cost of $88,086, lower than the Missouri average of $246,641.

The average cost of rent is $691/mo in Leonard, primarily driven by the current value of real estate in the Leonard area. In Leonard, 13.09% of households rent, and 59.28% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Leonard is $5,110 per month. Households that rent pay about 13.51% of their income on rent here. Leonard’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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