Real Estate Investing in Leonardo, New Jersey (07737)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07737 (Leonardo, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.5% unemployment — tenant risk signal.
What’s happening in Leonardo, NJ (07737)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07737 Leonardo
The 07737 ZIP in Leonardo, NJ is a local-operator market. Outside capital chasing a $677K entry has to pair deep knowledge with the discount.
For an experienced owner, 07737 can be a a credible choice for hunting ground — but the discount at $677K reflects genuine risk that outside investors often underestimate.
In the broader NJ picture, 07737 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 07737 ZIP's population of 4,158 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The 07737 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Leonardo:
Property Strategy for 07737
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $464,415 | $1,970 | 3.1% | +9.8% | $232,208 |
| 3BR | $585,189 | $2,580 | 3.2% | — | $195,063 |
| 4BR | $761,422 | $2,850 | 2.7% | +9.2% | $190,355 |
| 5BR | $880,951 | — | — | +9.3% | $176,190 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07737 Compare?
| Metric | 07737 | Leonardo | New Jersey |
|---|---|---|---|
| Home Value | $677,484 | $677,484 | $559,826 |
| 5-Year CAGR | 8.2% | 8.2% | 8.4% |
| Avg Rent | $3,800 | $3,800 | - |
| Cap Rate | 4.4% | 4.4% | - |
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 07737 (Leonardo, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $677,484 |
| Monthly Rent | $3,800 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (4.4%). 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 07737
Population: 4,158
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 07737
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Bayview Elementary School
Harmony Elementary School
Middletown Village Elementary School
New Monmouth Elementary School
Thorne Middle School
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
Investor Insight: With 2,379 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Leonardo, NJ?
Rental rates in Leonardo, NJ average $3,800/mo. Tenant demand and $677K home values make the yield look reasonable by investor standards.
What is the median home value in Leonardo, NJ?
Typical homes in Leonardo, NJ go for around $677K. The 5-year CAGR of 0.0% reliable price movement.
What is the smart move for investors in Leonardo, NJ?
In Leonardo, NJ the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $677K prices and $3,800/mo rents suits that approach.
Is house hacking profitable in Leonardo, NJ?
House hacking works a challenging in Leonardo, NJ. Rents of $3,800/mo against $677K acquisition make the strategy solid for owner-occupants.
How strong is Leonardo, NJ for real estate investors?
Leonardo, NJ rates 3.0/5 for investability. With median values at $677K and rents near $3,800/mo, the market offers reasonable fundamentals for rental investors.
You know 07737 now. You don’t know where it ranks.
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How 07737 ranks in New York-Newark-Jersey City, NY-NJ-PA
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