Edgewater, NJ Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Edgewater, NJ Housing Market Trends

With a population of 14,336, 6,046 total housing units (homes and apartments), and a median house value of $871,394, Edgewater house prices are not only among the most expensive in New Jersey, Edgewater real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Edgewater, accounting for 70.37% of the borough's housing units. Other types of housing that are prevalent in Edgewater include duplexes, homes converted to apartments or other small apartment buildings ( 15.79%), row houses and other attached homes ( 7.83%), and a few single-family detached homes ( 5.22%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

People in Edgewater primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Edgewater has a mixture of owner-occupied and renter-occupied housing.

Edgewater homes and real estate are some of the newest in America. 39.96% of Edgewater's housing was built since 2000, making the borough have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Edgewater real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.70%), and between 1940-1969 ( 12.56%). There's also some housing in Edgewater built before 1939 ( 10.77%).

Edgewater Home Appreciation Rates

Real estate appreciation rates in Edgewater's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.53% during the period.

Over the last year, Edgewater appreciation rates have trailed the rest of the nation. In the last twelve months, Edgewater's appreciation rate has been 12.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edgewater were at 2.14%, which equates to an annual appreciation rate of 8.84%.

Relative to New Jersey, our data show that Edgewater's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$871,394

Edgewater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
141.43% 4.04%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,210 / per month

Homeownership Rate

Owners
Renters
Vacant
39.4%
39.4%
60.6%
60.6%
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.0%
40.0%
36.7%
36.7%
12.6%
12.6%
10.8%
10.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
5.2%
5.2%
7.8%
7.8%
15.8%
15.8%
70.4%
70.4%
0.0%
0.0%
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.6%
6.6%
27.0%
27.0%
48.8%
48.8%
13.6%
13.6%
2.8%
2.8%
1.1%
1.1%
0.0% 100.0%
% OF HOMES