Leonardo, NJ 07737 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Leonardo, NJ—07737

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$671,000

8.3% YoY Growth

Household Income

$135,000

38.7% YoY Growth

Days on Market

47.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$3,000

13.4% YoY Growth

1-Bed Rent

$2,200

29.4% YoY Growth

2-Bed Rent

$3,250

4.3% YoY Growth

3-Bed Rent

$3,000

16.7% YoY Growth

Home Price Trends — Leonardo, NJ

As of May '26, the median home price in Leonardo, NJ is $671,000, with a year-over-year change of 8.3%. This indicates that home prices in Leonardo, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$671,000	8.3%
Single Family	$671,000	8.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

29.8%

2 Bedrooms

43.0%

3 Bedrooms

21.9%

5+ Bedrooms

5.3%

Property Listings — Leonardo, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Leonardo, NJ is 16. This is a decrease of -47.0% 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	$849,000	61.0%
Listing Count	12	4.0%
Listings as % of Homes	0.7%	4.0%
Days on Market	16	-47.0%

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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%

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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%

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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%

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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

Leonardo, NJ—07737

Key Metrics at a Glance

Home Price Trends — Leonardo, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leonardo, NJ

% of Rental Stock

Property Listings — Leonardo, NJ

Demographics — Leonardo, NJ

Race and Ethnicity

Mortgage and Risk — Leonardo, NJ

Mortgages

Rentals and Section 8 — Leonardo, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Leonardo, NJ

Home Price to Income Ratio

Leonardo, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Belford, NJ

Atlantic Highlands, NJ

Port Monmouth, NJ

Red Bank, NJ

Middletown, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$671,000
Median Household Income	$135,000

Leonardo, NJ—07737

Key Metrics at a Glance

Home Price Trends — Leonardo, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leonardo, NJ

% of Rental Stock

Property Listings — Leonardo, NJ

Demographics — Leonardo, NJ

Race and Ethnicity

Mortgage and Risk — Leonardo, NJ

Mortgages

Rentals and Section 8 — Leonardo, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Leonardo, NJ

Home Price to Income Ratio

Leonardo, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Belford, NJ

Atlantic Highlands, NJ

Port Monmouth, NJ

Red Bank, NJ

Middletown, NJ

Frequently Asked Questions

What is the average home price in Leonardo, NJ 07737?

How have home prices in Leonardo, NJ 07737 changed over the past year?

What is the home price projection for Leonardo, NJ 07737?

What are the demographics of Leonardo, NJ 07737?

How long does it take homes to sell in Leonardo, NJ 07737?

What is the average rent price in Leonardo, NJ 07737?