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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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 100,661 people, 1,701 houses or apartments, and a median cost of homes of $435,576, 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 49.83% of the town's housing units. Other types of housing that are prevalent in Edison include large apartment complexes or high rise apartments ( 30.25%), row houses and other attached homes ( 11.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.98%).
The most prevalent building size and type in Edison are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.38% owning and 40.62% 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 ( 41.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.97%). There's also some housing in Edison built before 1939 ( 4.70%).
Real estate appreciation rates in Edison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.89% during the period.
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 2.77%, 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 0.70%, which equates to an annual appreciation rate of 2.82%.
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 70% 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 town. 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.
| Value Range | |
|---|---|
| > $1,135,000 | 1.0 |
| $851,001 - $1,135,000 | 3.0 |
| $568,001 - $851,000 | 18.6 |
| $454,001 - $568,000 | 20.3 |
| $341,001 - $454,000 | 26.5 |
| $227,001 - $341,000 | 20.5 |
| $114,001 - $227,000 | 5.3 |
| $57,001 - $114,000 | 1.7 |
| $0 - $57,000 | 3.1 |
| Value Relative to Nation | Value Relative to State |
|---|---|
| 10.4759124087591 | 40.8080808080808 |
| Homeownership | |
|---|---|
| Owners | 59.38 |
| Renters | 40.62 |
| Vacant | 4.12 |
| AGE OF Edison HOMES | |
|---|---|
| 2000 or Newer | 6.0 |
| 1970 - 1999 | 47.7 |
| 1940 - 1969 | 41.6 |
| 1939 or Older | 4.7 |
| TYPE OF Edison HOMES | |
|---|---|
| Single-Family | 49.8 |
| Townhomes | 11.5 |
| Small Apt. Buildings | 8.0 |
| Apt. Complexes | 30.2 |
| Mobile Homes | 0.5 |
| Other | 0.0 |
| SIZE OF Edison HOMES | |
|---|---|
| No Bedroom | 1.37 |
| 1 Bedroom | 19.03 |
| 2 Bedrooms | 25.93 |
| 3 Bedrooms | 28.23 |
| 4 Bedrooms | 19.48 |
| 5 or more bedrooms | 5.95 |
