Edgewater, NJ is a desirable city for housing with its median value being nearly double the national median value. The one year appreciation rate of 10.07% further adds to the appeal of the city's housing market, significantly outpacing the US average of 8.27%. All in all, Edgewater is an attractive option for homeowners who want to gain maximum value on their investment in real estate.
The median home cost in Edgewater is $639,500. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Edgewater is up 13.9%.
Average Age of Homes
- The median age of Edgewater real estate is 23 years old
The Rental Market in Edgewater
- Renters make up 59.7% of the Edgewater population
- 8.0% of houses and apartments in Edgewater, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.