Much like other places in this area, it's substantially more expensive compared to the rest of the nation. However it's substantially less expensive compared to the city of New York.
Home prices
The median home in Leonardo costs $315,200. Compared to its surrounding areas this is roughly $4,340 (1%) lower.In comparison to the nation as a whole it is about $97,700 (44%) higher, and compared to the city of New York is roughly $290,800 (47%) lower.
Rents
Leonardo's median rent is $1,000 per month. It is roughly $432 (30%) lower compared to its surrounding areas.It is roughly $62 (5%) lower in comparison to the entire country, and in comparison to the city of New York it is roughly $443 (30%) lower.
Nearby places
Belford
Belford is Leonardo's neighbor to the northwest. Its housing prices are a little more expensive. The median home in Belford is valued at $376,200, which comes out to $61,000 (16%) higher than Leonardo. The rent there is significantly more expensive. The median rent in Belford is $1,920 per month, which works out to $920 (47%) higher than Leonardo.
Atlantic Highlands
Atlantic Highlands is Leonardo's neighbor to the east. The real estate prices there are somewhat more expensive. The cost of the median home in Atlantic Highlands is $410,300, which comes out to $95,100 (23%) higher than Leonardo. The rent there is somewhat more expensive. The median monthly rent in Atlantic Highlands is $1,403, which is $403 (28%) higher than Leonardo.
Port Monmouth
Port Monmouth is approximately 2 miles northwest from Leonardo. Its housing prices are a little less expensive. The median home in Port Monmouth costs $284,400, which works out to $30,800 (10%) lower than Leonardo. Its rents are pretty similar. The median monthly rent in Port Monmouth is $958, which comes out to $42 (4%) lower than Leonardo.
North Middletown
North Middletown is roughly 2 miles northwest of Leonardo. The housing prices there are a lot less expensive. The median home in North Middletown costs $235,800, which is $79,400 (33%) lower than Leonardo. The rent there is a lot more expensive. In North Middletown the median monthly rent is $1,662, which is $662 (39%) higher than Leonardo.
Highlands
Highlands is roughly 3 miles east from Leonardo. The housing prices there are a bit less expensive. The median home value in Highlands is $291,000, which comes out to $24,200 (8%) lower than Leonardo. Rents there are a bit more expensive. In Highlands the median rent is $1,217 a month, which works out to $217 (17%) higher than Leonardo.
