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Leonia, NJ—07605

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$780,000
2.2% YoY Growth
Household Income
$115,000
20.1% YoY Growth
Days on Market
61
65.0% Longer YoY
Home Price Forecast
1.3%
Median Rent
$2,950
6.9% YoY Growth
1-Bed Rent
$2,300
19.9% YoY Growth
2-Bed Rent
$2,800
12.1% YoY Growth
3-Bed Rent
$3,580
9.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Leonia, NJ

As of Dec '25, the median home price in Leonia, NJ is $780,000, with a year-over-year change of 2.2%. This indicates that home prices in Leonia, NJ are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$780,0002.2%
Single Family $805,0002.2%
Condos $421,0002.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$503,0001.4%
    3 Bed
    		$772,0002.8%
    4 Bed
    		$899,0003.1%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    4.5%
    1 Bedroom
    10.7%
    2 Bedrooms
    21.5%
    3 Bedrooms
    40.6%
    4 Bedrooms
    15.9%
    5+ Bedrooms
    6.8%

    Rental Trends — Leonia, NJ

    As of July '25, Rentcast reports the average rent in Leonia, NJ is $3,410, with a year-over-year rent change of 6.9%. Per bedroom, the median rent as of July '25 in Leonia, NJ is studios: $1,610, 1-bedrooms: $2,410, 2-bedrooms: $3,060, 3-bedrooms: $4,180, 4-bedrooms: $4,880. The most common rental property sizes in Leonia, NJ are 2-bedroom and 1-bedroom, accounting for 43.2% and 28.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,950$3,410
    Studio Rent $1,600$1,610
    1 Bed Rent $2,300$2,410
    2 Bed Rent $2,800$3,060
    3 Bed Rent $3,580$4,180
    4 Bed Rent $4,900$4,880
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    % of Rental Stock

    Studio
    9.8%
    1 Bedroom
    28.4%
    2 Bedrooms
    43.2%
    3 Bedrooms
    17.6%
    4 Bedrooms
    1.1%

    Property Listings — Leonia, NJ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Leonia, NJ is 41. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$637,000-8.0%
    Listing Count
    		954.0%
    Listings as % of Homes0.2%54.0%
    Days on Market
    		6165.0%
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    Demographics — Leonia, NJ

    As of the latest ACS Survey released in 2023, Leonia, NJ has a population of 9,330, which has increased by 2.4% over the past 5 years. Leonia, NJ is a moderately popular place for families, as children make up 20.8% of the population. The area has a highly educated workforce, with 60.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,3302.4%
    % Under 18
    		20.8%-6.3%
    % Seniors
    		18.9%8.0%
    % WFH
    		14.5%158.9%
    % w/ College Degree
    		60.7%8.8%
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    As of the latest ACS Survey released in 2023, Leonia, NJ is a predominantly asian area, with 38.2% of the population identifying as asian. The asian population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Leonia, NJ is white, making up 32.0% of the population. Foreign-born residents account for 42.5% of the population in Leonia, NJ, and this percentage has increased by 3.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		32.0%-14.2%
    % Black
    		3.0%-3.2%
    % Hispanic
    		22.8%29.5%
    % Asian
    		38.2%-4.7%
    % Foreign Born
    		42.5%3.9%
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    Mortgage and Risk — Leonia, NJ

    According to HUD data as of 2023, there were 92 mortgage originations in Leonia, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Leonia, NJ. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		92
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Leonia, NJ

    As of 2024, the percent of homes in Leonia, NJ under the Section 8 program is 10.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Leonia, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		132
    Total Units Section 8
    		104
    % Rentals under Section 8
    		10.2%
    % Occupied Section 8
    		93.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$350$2,300$1,950
    2 Bedroom-$560$2,800$2,240
    3 Bedroom-$820$3,580$2,760
    4 Bedroom-$1,410$4,900$3,490

    Affordability — Leonia, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6
    Median Home Price$780,000
    Median Household Income$115,000

    Leonia, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    07650

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