Leonardo, NJ—07737
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leonardo, NJ
As of Oct '25, the median home price in Leonardo, NJ is $625,000, with a year-over-year change of 5.5%. This indicates that home prices in Leonardo, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $625,000 | 5.5% |
| Single Family | $626,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $464,000 | 5.0% |
3 Bed | $585,000 | 5.4% |
4 Bed | $761,000 | 4.0% |
| 5 Bed | $881,000 | 4.4% |
% of Housing Stock
Rental Trends — Leonardo, NJ
As of July '25, Rentcast reports the average rent in Leonardo, NJ is $2,790, with a year-over-year rent change of -13.4%. Per bedroom, the median rent as of July '25 in Leonardo, NJ is 1-bedrooms: $2,200, 2-bedrooms: $2,920, 3-bedrooms: $3,000. The most common rental property sizes in Leonardo, NJ are 2-bedroom and 1-bedroom, accounting for 43.0% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,200 |
| 2 Bed Rent | $3,250 | $2,920 |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Leonardo, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Leonardo, NJ is 70. This is a increase of 77.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $509,000 | -19.0% |
Listing Count | 11 | -14.0% |
| Listings as % of Homes | 0.7% | -14.0% |
Days on Market | 70 | 77.0% |
Demographics — Leonardo, NJ
As of the latest ACS Survey released in 2023, Leonardo, NJ has a population of 4,160, which has increased by 5.6% over the past 5 years. Leonardo, NJ is a moderately popular place for families, as children make up 24.7% of the population. The area has a highly educated workforce, with 51.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,160 | 5.6% |
% Under 18 | 24.7% | 22.3% |
% Seniors | 16.1% | 16.7% |
% WFH | 14.7% | 488.0% |
% w/ College Degree | 51.5% | 60.9% |
As of the latest ACS Survey released in 2023, Leonardo, NJ is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in Leonardo, NJ is black, making up 6.3% of the population. Foreign-born residents account for 6.6% of the population in Leonardo, NJ, and this percentage has increased by 112.9% 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 | 79.9% | -12.5% |
% Black | 6.3% | ∞% |
% Hispanic | 5.7% | 0.0% |
% Asian | 4.2% | 100.0% |
% Foreign Born | 6.6% | 112.9% |
Mortgage and Risk — Leonardo, NJ
According to HUD data as of 2023, there were 81 mortgage originations in Leonardo, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Leonardo, NJ. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Leonardo, NJ
Leonardo, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$730 | $2,200 | $1,470 |
| 2 Bedroom | -$1,440 | $3,250 | $1,810 |
| 3 Bedroom | -$590 | $3,000 | $2,410 |
| 4 Bedroom | N/A | N/A | $2,680 |
Affordability — Leonardo, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $625,000 |
| Median Household Income | $135,000 |