Real Estate Investing in Leonia, New Jersey (07605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07605 (Leonia, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 27.7 — hard to cash-flow at these prices.
What’s happening in Leonia, NJ (07605)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07605 Leonia
The 07605 ZIP in Leonia, NJ is a local-operator market. Outside capital chasing a $847K entry has to pair deep knowledge with the discount.
For an experienced owner, 07605 can be a a viable market for hunting ground — but the discount at $847K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 07605 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A healthy renter share of 33% in 07605 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 07605 is an operator game, not a passive one. Looking more closely, entry prices of $847K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Leonia:
Property Strategy for 07605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $500,644 | $2,660 | 3.8% | +4.5% | $250,322 |
| 3BR | $776,282 | $3,240 | 3.0% | +6.5% | $258,761 |
| 4BR | $904,243 | $4,140 | 3.3% | +7.1% | $226,061 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07605 Compare?
| Metric | 07605 | Leonia | New Jersey |
|---|---|---|---|
| Home Value | $847,264 | $847,264 | $559,826 |
| 5-Year CAGR | 5.2% | 5.2% | 8.4% |
| Avg Rent | $2,550 | $2,550 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07605 (Leonia, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07605 (Leonia, NJ)?
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Property managers serving Bergen County
Manage rentals here? List your business →First National Realty Management, LLC offers tenant services including registration, maintenance requests, and notary services. summary from their website
MEM Property Management Corporation offers property management, construction, collection, and insurance services, helping clients enjoy their homes. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $847,264 |
| Monthly Rent | $2,550 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07605
Population: 9,333
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07605
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Benjamin Franklin Middle School
Donald A. Quarles Early Childhood Center
Dr. John Grieco Elementary School
Dr. Leroy McCloud Elementary School
E. Roy Bixby
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do home values compare in Leonia, NJ?
In Leonia, NJ the median home value sits at $847K. Against the broader NJ market, that reads as reasonable for most investors.
Does Leonia, NJ favor landlords or tenants?
Rental owners in Leonia, NJ deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What are rental rates like in Leonia, NJ?
Average rent in Leonia, NJ is approximately $2,550/mo per month. Against $847K home values that yields a reasonable rent-to-price ratio.
Is Leonia, NJ good for house hacking?
House hacking in Leonia, NJ is a challenging. With home values around $847K and rents at $2,550/mo, owner-occupants can offset a meaningful share of PITI.
Which real estate strategy fits Leonia, NJ?
The best-fit strategy in Leonia, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 07605 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07605 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 07605 ranks in New York-Newark-Jersey City, NY-NJ-PA
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