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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 14,604, 7,024 total housing units (homes and apartments), and a median house value of $1,135,167, 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 69.29% 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 ( 17.74%), row houses and other attached homes ( 9.65%), and a few single-family detached homes ( 3.33%). 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.

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. 41.86% 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 ( 35.36%), and between 1940-1969 ( 12.08%). There's also some housing in Edgewater built before 1939 ( 10.70%).

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 6.46% during the period.

Appreciation rates are so strong in Edgewater that despite a nationwide downturn in the housing market, Edgewater real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edgewater appreciation rates continue to be some of the highest in America, at 9.26%, which is higher than appreciation rates in 82.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edgewater. Edgewater appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.

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

Average Home Values

Median Home Value

$1,135,167

Edgewater, NJ Home Prices
> $1,410,000
$1,057,001 - $1,410,000
$705,001 - $1,057,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$70,001 - $141,000
$0 - $70,000
22.3%
22.3%
28.0%
28.0%
28.7%
28.7%
11.9%
11.9%
7.0%
7.0%
0.7%
0.7%
0.5%
0.5%
0.0%
0.0%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for New jersey

Very High

for nation

Number of Homes And Apartments:

7,024

Edgewater Appreciation Rates

Rent & Ownership

Average Market Rent:

$5,444 / per month

Homeownership Rate

Owners
Renters
42.3%
42.3%
57.7%
57.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.0%
8.0%
92.0%
92.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
41.9%
41.9%
35.4%
35.4%
12.1%
12.1%
10.7%
10.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
3.3%
3.3%
9.6%
9.6%
17.7%
17.7%
69.3%
69.3%
0.0%
0.0%
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
6.2%
6.2%
27.6%
27.6%
46.6%
46.6%
16.2%
16.2%
2.7%
2.7%
0.8%
0.8%
0% 100.0%
% of Homes