The story of this market
The typical home in ZIP 35983 sells for about $292,000, or $160 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $775 a month.
ZIP 35983 — Leesburg
The housing market in 35983 is characterized by steady demand for lakefront and rural residential properties, driving a modest year-over-year price increase. Limited inventory continues to support pricing, though the market remains sensitive to broader economic conditions and interest rate fluctuations.
This ZIP code is ideal for retirees, outdoor enthusiasts, and families seeking a quiet, lake-oriented lifestyle. It is less suited for those requiring proximity to major urban employment centers or public transit.
Median prices moved up 2.5% year over year.
Homes spend a median of 85 days on market with 4.9 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 13.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 35983, Cherokee County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Leesburg area are generally lower than the national average, with property crime being the primary concern. Regional comparisons indicate a stable safety profile consistent with rural Cherokee County.
Schools serving the 35983 ZIP code are primarily part of the Cherokee County School District, which maintains a moderate academic standing. Local schools like Sand Rock School are central to the community's educational identity.
The area faces moderate risks related to severe thunderstorms and occasional flooding near Weiss Lake. Property insurance premiums are influenced by these regional weather patterns and proximity to water bodies.
Economic momentum is driven by local agriculture, manufacturing, and tourism related to Weiss Lake. Infrastructure development remains focused on maintaining rural connectivity and supporting local recreational access.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Commuting from 35983 typically involves personal vehicle travel along state routes toward employment hubs in Gadsden or Rome, GA. Public transit options are not available in this rural geography.
The area is defined by its proximity to Weiss Lake, offering extensive fishing, boating, and water sports. Local parks and rural landscapes provide significant outdoor recreation opportunities within a short drive.
The rental market is characterized by low inventory and high demand for lake-adjacent properties. Short-term vacation rentals are a significant component of the local housing stock due to tourism.
The local economy is anchored by agriculture, small-scale manufacturing, and a robust tourism sector centered on Weiss Lake. Employment is largely distributed across regional service and industrial sectors.
Transportation is entirely dependent on private vehicle use via state highways. There is no public transit infrastructure serving this rural area.
Development is primarily focused on residential expansion and recreational infrastructure improvements around the lakefront. No major commercial or industrial mega-projects are currently reported.
The Cherokee County Revenue Commissioner manages property assessments, utilizing a standard 10% assessment ratio for residential parcels.
Parcels are served by the Cherokee County School District and various local fire and utility districts. No major MUDs or PIDs are prevalent in this rural jurisdiction.
Property insurance markets are stable but sensitive to regional weather risks, particularly wind and flood exposure near the lake.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Pirates Bay Waterpark Leesburg4.54.5 mi
- Noccalula Falls Park & Campground4.717 mi
- The Venue at Coosa Landing4.717.4 mi
- Blackstone Pub & Eatery4.517.4 mi
- Vintage 18894.418.7 mi
- River Rocks Landing4.518.4 mi
- Tigers For Tomorrow Wild Animal Preserve, Inc.4.710.9 mi
- 411 Twin Drive In4.72.2 mi
- Canyon Mouth Picnic Area4.59.2 mi
- Wills Creek Winery4.912.8 mi
- Cornwall Furnace Memorial Park4.711.7 mi
- Imagination Place4.517.4 mi
- Alabama Fan Club And Museum4.617.6 mi
- Gadsden Museum of Art4.817.4 mi
- Little River Falls Observation Deck4.917.1 mi
- Cornwall Furnace Memorial Park4.711.7 mi
- Cherokee Rock Village4.82.3 mi
- Canyon Mouth Picnic Area4.59.2 mi
- Weiss Boat Ramp4.59 mi
- Cornwall Furnace Memorial Park4.711.7 mi
- Little River Landing4.68.4 mi
- Coosa Landing Boat Launch4.717.2 mi
- Collinsville Trade Day Flea Market4.57.2 mi
- Ingles Markets4.44.5 mi
- DG Market4.20.9 mi
- Gadsden Regional Medical Center Heliport3.916.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major reservoir known as the 'Crappie Capital of the World' serving as the primary recreational anchor.
A popular outdoor destination for hiking and rock climbing with scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.