A typical Leonardo home is worth about $696,000
Up 9.7% in a year, 20% above the New Jersey typical home.
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Leonardo?
Read from the numbers below. The page puts what stands out first.
Up 47% in five years
Faster than New Jersey (35.4%).
Show as a table
| January | Leonardo | New Jersey |
|---|---|---|
| 2017 | $345,000 | $317,000 |
| 2018 | $359,000 | $330,000 |
| 2019 | $377,000 | $343,000 |
| 2020 | $386,000 | $358,000 |
| 2021 | $436,000 | $394,000 |
| 2022 | $476,000 | $441,000 |
| 2023 | $526,000 | $471,000 |
| 2024 | $572,000 | $511,000 |
| 2025 | $618,000 | $551,000 |
| 2026 | $656,000 | $568,000 |
| August 2026 | $696,000 | $580,000 |
A typical Leonardo home worth $340K in July 2016 is worth about $696K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A typical home costs 5 years of income
Less than across New Jersey (5.6 years). Try your own numbers below.
That’s $213K short of a typical Leonardo home.
A two-bedroom rents for about $1,970 a month here, $2,670 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Leonardo’s typical property tax (1.71% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,970
Renters already here pay a median of $1,694, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Monmouth-Ocean, NJ HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
84% of Leonardo households own their home
Half of Leonardo’s homes were built before 1958.
New Jersey: 64% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Leonardo vs. its neighbors
Leonardo is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Leonardo | $696K | +9.7% | $1,970 | — | $138,125 |
| Middletown | $608K* | +8.7%† | $2,160 | 125 | $141,810 |
| Atlantic Highlands | $871K | +8.3% | $2,430 | 7 | $126,080 |
| Belford | $657K | +7.1% | $2,220 | — | $113,359 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Leonardo buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.