Leonard, Michigan.
Typical home $523,039 (+4.6% in a year). Detroit-Warren-Dearborn, MI metro.
to buy the typical home at today's mortgage rate — +$1,482 (+117%) since Jan 2020.
- 1 year
- Up $23,188 +5%
- $499,851$523,039 since Sep 2025
- 5 years
- Up $104,516 +25%
- $418,522$523,039 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Leonard$2,745
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Leonard, MI rose 4.6% over the past year — faster than the nation's +1.2%.
Living in Leonard, Oakland County, Michigan
Leonard is a village of 377 people in Oakland County. 97% of its homes are lived in by their owners and 3% are rented. Unemployment in Oakland County was 4.7% in August 2026, and the county had 0.5% fewer jobs in 2025 than the year before. The most people in Oakland County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Leonard is a small village in Oakland County, one of the smaller places in the county. Nearly all of its homes are lived in by their owners, far more than across the county as a whole, and the share of people living below the poverty line is low. Winters are cold, with January highs near freezing and lows well below it, and a good deal of snow falls through the season. Summers are warm, with July the warmest month.
Work. Residents work mostly in schools, hospitals and social care, with others in manufacturing, professional and business services, and shops. Across Oakland County, some of the largest workplaces are Stellantis, Centria Healthcare and Corewell Health WM. Beaumont Univ. The typical commute is a long one, and few people work from home. Unemployment across the county has risen over the past year, and the county has fewer jobs than it did a year earlier.
Things to do. Lakeville Lake sits in or beside town, and General Squier Memorial Park, a park, is a short drive away. Stony Creek Metropark, also a park, is a short drive away as well. For a longer outing, the Detroit Zoo is a longer drive away.
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- 121households
- 5%below the poverty line
- 36 mintypical commute
- 5%work from home
What people in Oakland County work in
Employed residents by industry, from the Census survey. Oakland County had 720,266 jobs in 2025, 0.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 30° and lows near 15°; warmest in July, with highs near 82° and lows near 59°. About 34 inches of snow and 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Lapeer Wwtp weather station, 16 miles away (NOAA).
Largest workplaces in Oakland County
- StellantisTesting laboratories and services12,943
- GDI ServicesWindow cleaning services10,674
- Centria HealthcareHome health agencies7,854
- Corewell Health Wm. Beaumont UnivGeneral hospital6,876FTE
- General MotorsAutomobile proving and testing grounds5,500
- Corewell Health- TroyGeneral hospital3,765FTE
- Ascension Providence HospitalGeneral hospital3,482FTE
- AmazonGeneral warehousing and storage3,420
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1,294 workplaces with 20 or more staff, 232,969 people in all across the county; Leonard has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Leonard’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Oakland County and the Detroit-Warren-Dearborn, MI metro.
Leonard home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Leonard$523,039
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 2 Leonard listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Leonard40.78%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Leonard24
New listings per month
Sellers arriving at the market.
- Leonard9
Zip codes with a Leonard address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Leonard — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Leonard
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 48367 | Leonard | 4,668 | — | $503,788 |
| 48370 | Oxford | 1,777 | — | $563,759 |