Market Overview
Home Prices in Leonardo, NJ
The median home value in Leonardo, NJ is $694,515 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.7% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Leonardo are priced69% above average. Leonardo is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Leonardo home values have risen by approximately45.8%, reflecting strong long-term appreciation in this market.
Price History
Leonardo Home Price Trend
City Comparison
Leonardo vs. National Median
At $694,515, homes in Leonardo cost 69% above the national median of $410,000. Buyers in Leonardo should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Leonardo?
20% Down Payment
$138,903
on $694,515
Monthly P&I
$3,622/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,600/mo
incl. taxes & insurance
Income Needed
$184,000
gross annual (30% rule)
10% Down Option
$69,452
+ PMI applies
Loan Amount (20% dn)
$555,612
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Leonardo, NJ?
The median home value in Leonardo is $694,515 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.7% year-over-year.
How much have home prices changed in Leonardo?
Over the past year, home values in Leonardo have increased by 8.7%. Over five years, prices have risen approximately 45.8%.
How much do I need to earn to buy a home in Leonardo?
To comfortably afford the median home price of $694,515 with a 20% down payment ($138,903) at today's rates (6.8%), you'd need a gross annual income of approximately $184,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Leonardo compare to the national average home price?
The national median home value is approximately $410,000. At $694,515, homes in Leonardo are 69% above the national average.
What metro area is Leonardo part of?
Leonardo is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.