Leonia, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Leonia Neighborhoods Since 2000




Leonia, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Leonia Housing Market Information

With a population of 9,219, 3,336 total housing units (homes and apartments), and a median house value of $499,517, real estate costs in Leonia are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Leonia, accounting for 57.92% of the borough's housing units. Other types of housing that are prevalent in Leonia include large apartment complexes or high rise apartments ( 20.77%), duplexes, homes converted to apartments or other small apartment buildings ( 14.95%), and a few row houses and other attached homes ( 5.39%).

The most prevalent building size and type in Leonia are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 61.02% owning and 38.98% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Leonia's housing was primarily built during this period, from the '40s through the '60s. A full 43.91% of the borough's housing hails from this era. Other housing ages represented in Leonia include homes built before 1939 ( 37.09%) and housing constructed between 1970-1999 ( 15.52%). There's also some housing in Leonia built between 2000 and later ( 3.48%).

Leonia Home Appreciation Rates

Leonia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Leonia during the period has been just -0.83%, which is lower than 70% of US communities.

Over the last year, Leonia appreciation rates have trailed the rest of the nation. In the last twelve months, Leonia's appreciation rate has been 2.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Leonia were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Leonia's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$499,517

Leonia, NJ HOME PRICES

Value Range
> $1,113,000 4.2
$835,001 - $1,113,000 8.1
$556,001 - $835,000 29.6
$445,001 - $556,000 32.5
$334,001 - $445,000 14.2
$222,001 - $334,000 6.9
$111,001 - $222,000 2.9
$55,001 - $111,000 0.0
$0 - $55,000 1.6

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
5.97093636470175 25.4065040650407

Number Of Homes And Apartments:
3,336

Leonia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
59.93% 2.76% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,104 / per month

Homeownership Rate

Homeownership
Owners 61.02
Renters 38.98
Vacant 4.82

Housing Market Details

 

Age of Homes

AGE OF Leonia HOMES
2000 or Newer 3.5
1970 - 1999 15.5
1940 - 1969 43.9
1939 or Older 37.1

Types of Homes

TYPE OF Leonia HOMES
Single-Family 57.9
Townhomes 5.4
Small Apt. Buildings 15.0
Apt. Complexes 20.8
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Leonia HOMES
No Bedroom 0.88
1 Bedroom 14.66
2 Bedrooms 25.42
3 Bedrooms 33.50
4 Bedrooms 19.29
5 or more bedrooms 6.25