Edison, NJ is known for being a desirable area to live, and this is exemplified by its housing median value of $487,000. This figure is significantly higher than the US House Median Value of $338,100 and is indicative of how much more expensive living in Edison can be compared to other parts of the country. Furthermore, the 1 year house appreciation for Edison has also been quite strong at 10.79%, which is even higher than the US 1 year house appreciation of 8.27%. This high rate of appreciation shows that homes in the area are becoming increasingly valuable with each passing year, making it a great investment for potential buyers.
The median home cost in Edison is $487,000. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Edison is up 15.1%.
Average Age of Homes
- The median age of Edison real estate is 44 years old
The Rental Market in Edison
- Renters make up 34.6% of the Edison population
- 1.1% of houses and apartments in Edison, 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.