Leonia, NJ 07605 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Leonia, NJ—07605

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$825,000

3.0% YoY Growth

Household Income

$115,000

20.1% YoY Growth

Days on Market

33.0% Shorter 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 — Leonia, NJ

As of May '26, the median home price in Leonia, NJ is $825,000, with a year-over-year change of 3.0%. 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 Type	Median Home Value	YoY % Change
All Homes	$825,000	3.0%
Single Family	$854,000	2.8%
Condos	$423,000	4.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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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 May '26, Realtor.com reports that the median days on market for a home in Leonia, NJ is 24. This is a decrease of -33.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$850,000	31.0%
Listing Count	9	-48.0%
Listings as % of Homes	0.2%	-48.0%
Days on Market	24	-33.0%

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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.

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%

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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

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%

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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

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%

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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 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

Leonia, NJ—07605

Key Metrics at a Glance

Home Price Trends — Leonia, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leonia, NJ

% of Rental Stock

Property Listings — Leonia, NJ

Demographics — Leonia, NJ

Race and Ethnicity

Mortgage and Risk — Leonia, NJ

Mortgages

Rentals and Section 8 — Leonia, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Leonia, NJ

Home Price to Income Ratio

Leonia, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Palisades Park, NJ

Fort Lee, NJ

Ridgefield Park, NJ

Englewood, NJ

Teaneck, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.2
Median Home Price	$825,000
Median Household Income	$115,000

Leonia, NJ—07605

Key Metrics at a Glance

Home Price Trends — Leonia, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leonia, NJ

% of Rental Stock

Property Listings — Leonia, NJ

Demographics — Leonia, NJ

Race and Ethnicity

Mortgage and Risk — Leonia, NJ

Mortgages

Rentals and Section 8 — Leonia, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Leonia, NJ

Home Price to Income Ratio

Leonia, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Palisades Park, NJ

Fort Lee, NJ

Ridgefield Park, NJ

Englewood, NJ

Teaneck, NJ

Frequently Asked Questions

What is the average home price in Leonia, NJ 07605?

How have home prices in Leonia, NJ 07605 changed over the past year?

What is the home price projection for Leonia, NJ 07605?

What are the demographics of Leonia, NJ 07605?

How long does it take homes to sell in Leonia, NJ 07605?

What is the average rent price in Leonia, NJ 07605?