Leonia, NJ—07605
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leonia, NJ
As of Oct '25, the median home price in Leonia, NJ is $785,000, with a year-over-year change of 2.6%. This indicates that home prices in Leonia, NJ are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $785,000 | 2.6% |
| Single Family | $810,000 | 2.0% |
| Condos | $421,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $501,000 | 1.8% |
3 Bed | $776,000 | 2.8% |
4 Bed | $904,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Leonia, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Leonia, NJ is 55. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $712,000 | 14.0% |
Listing Count | 18 | 79.0% |
| Listings as % of Homes | 0.2% | 79.0% |
Days on Market | 55 | -10.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,330 | 2.4% |
% Under 18 | 20.8% | -6.3% |
% Seniors | 18.9% | 8.0% |
% WFH | 14.5% | 158.9% |
% w/ College Degree | 60.7% | 8.8% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $785,000 |
| Median Household Income | $115,000 |