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 14,604 people, 7,024 houses or apartments, and a median cost of homes of $1,104,897, 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%). 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. 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%).
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 6.41% during the period.
NeighborhoodScout's data show that during the latest twelve months, Edgewater's appreciation rate, at 10.13%, has been at or slightly above the national average. In the latest quarter, Edgewater's appreciation rate has been 4.16%, which annualizes to a rate of 17.70%.
Relative to New Jersey, our data show that Edgewater's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
$1,104,897
for New jersey
for nation
7,024
$5,230 / per month