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Edison, 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 Q2 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

Edison, NJ Housing Market Trends

With 107,588 people, 34,010 houses or apartments, and a median cost of homes of $476,319, real estate costs in Edison 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.

Single-family detached homes are the single most common housing type in Edison, accounting for 50.58% of the township's housing units. Other types of housing that are prevalent in Edison include large apartment complexes or high rise apartments ( 29.20%), row houses and other attached homes ( 10.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.64%).

The most prevalent building size and type in Edison are three and four bedroom dwellings, chiefly found in single-family detached homes. The township has a mixture of owners and renters, with 60.72% owning and 39.28% renting.

There is a lot of housing in Edison 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 Edison built between 1940-1969 ( 41.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.77%). There's also some housing in Edison built before 1939 ( 5.68%).

Edison Home Appreciation Rates

Edison's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Edison during the period has been just 4.26%, which is lower than 70% of US communities.

Over the last year, Edison appreciation rates have trailed the rest of the nation. In the last twelve months, Edison's appreciation rate has been 10.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edison were at 0.90%, which equates to an annual appreciation rate of 3.67%.

Notably, Edison's appreciation rate in the latest quarter is one of the lowest in America.

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

One very important thing to keep in mind is that these are average appreciation rates for the township. Individual neighborhoods within Edison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Edison - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Edison real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$476,319

Edison, NJ HOME PRICES

> $1,240,000
$930,001 - $1,240,000
$620,001 - $930,000
$496,001 - $620,000
$372,001 - $496,000
$248,001 - $372,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
1.5%
1.5%
3.7%
3.7%
20.4%
20.4%
20.6%
20.6%
27.5%
27.5%
18.0%
18.0%
5.0%
5.0%
1.9%
1.9%
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for NJ

Value Relative To Nation

Number Of Homes And Apartments:
34,010

Edison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
125.81% 3.69%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,929 / per month

Homeownership Rate

Owners
Renters
Vacant
60.7%
60.7%
39.3%
39.3%
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.8%
6.8%
45.6%
45.6%
42.0%
42.0%
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.6%
50.6%
10.9%
10.9%
8.6%
8.6%
29.2%
29.2%
0.7%
0.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
17.0%
17.0%
27.2%
27.2%
28.3%
28.3%
19.6%
19.6%
6.0%
6.0%
0.0% 100.0%
% OF HOMES