Edgewater, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Edgewater Neighborhoods Since 2000




Edgewater, NJ Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Edgewater Housing Market Information

With a population of 12,034, 5,671 total housing units (homes and apartments), and a median house value of $533,542, real estate costs in Edgewater are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Large apartment complexes or high rise apartments are the single most common housing type in Edgewater, accounting for 75.31% 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 ( 11.07%), single-family detached homes ( 8.10%), and a few row houses and other attached homes ( 5.52%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

Edgewater is dominated by renter-occupied one, two, or no bedrooms apartments. 69.61% of Edgewater's dwellings are rentals.

There is a lot of housing in Edgewater built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Edgewater built between 2000 and later ( 37.01%). A lesser amount of the housing stock also hails from before 1939 ( 12.21%). There's also some housing in Edgewater built between 1940-1969 ( 10.11%).

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 -0.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, Edgewater's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, Edgewater's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Edgewater's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$533,542

Edgewater, NJ HOME PRICES

Value Range
> $1,100,000 6.8
$825,001 - $1,100,000 11.0
$550,001 - $825,000 35.6
$440,001 - $550,000 20.4
$330,001 - $440,000 17.6
$220,001 - $330,000 2.4
$110,001 - $220,000 1.0
$55,001 - $110,000 2.5
$0 - $55,000 2.7

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
5.0919957810852 22.5609756097561

Number Of Homes And Apartments:
5,671

Edgewater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
83.71% 3.59% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,424 / per month

Homeownership Rate

Homeownership
Owners 30.39
Renters 69.61
Vacant 9.03

Housing Market Details

 

Age of Homes

AGE OF Edgewater HOMES
2000 or Newer 37.0
1970 - 1999 40.7
1940 - 1969 10.1
1939 or Older 12.2

Types of Homes

TYPE OF Edgewater HOMES
Single-Family 8.1
Townhomes 5.5
Small Apt. Buildings 11.1
Apt. Complexes 75.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Edgewater HOMES
No Bedroom 4.09
1 Bedroom 32.32
2 Bedrooms 41.87
3 Bedrooms 18.88
4 Bedrooms 1.80
5 or more bedrooms 1.04

Popular Neighborhoods in Edgewater

Zip Codes in Edgewater, NJ