Cost of Living in Leisure: What Salary Do You Need to Buy a Home?

Real numbers from this area's median sale price, property taxes, and household income — calculated at today's mortgage rate.

To buy a median-priced Leisure home (around $255,000) at today's 6.66% 30-year fixed rate with 20% down, you'd need roughly $46k/year in household income to qualify — an estimated monthly payment of $1,719 (principal, interest, property tax est., and insurance).

Down paymentMonthly paymentIncome needed
20% $1,719/mo$45,839
10% (+PMI)$1,978/mo$52,759
5% (+PMI)$2,066/mo$55,085

Estimates use a 6.66% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.

Rent vs. buy in Leisure

Census tract estimate

Renting costs about $294/mo less than owning the median Leisure home — a typical rent of about $1,425/mo, against roughly $1,719/mo to own with 20% down.

Monthly costEstimate
Rent, typical$1,425/moroughly $1,250 – $1,600
Own, 20% down$1,719/mo

By bedroom — raw Census medians for current renters, not adjusted to today’s asking rents:

Studio $8501 bed $7002 bed $1,0753 bed $1,1504 bed $1,425

Estimate (2023 ACS 5-year data), based on Census tract data, widened until there were enough renting households to measure, so it describes a larger area than Leisure alone. Adjusted toward what is being asked today using HUD Fair Market Rents, because the Census figure counts every household already renting — including long-tenured ones paying below current market. Rent figures are rounded to the nearest $25 — the underlying estimates are not precise enough to read closer than that. The ownership figure is the monthly payment only: it excludes maintenance and closing costs, and it doesn't count the equity a payment builds. Renting has no down payment. Both are estimates, not quotes.

Thinking about buying in Leisure?

Get a personalized rate and payment in minutes — or explore the full Leisure overview (schools, walkability, listings).

Get pre-approved