Edgewater, NJ (07020) is a desirable location for many home buyers. The median value of homes in this area is $652,300, which is significantly higher than the median value of homes in the US ($338,100). Furthermore, the house appreciation rate in Edgewater has seen an increase of 10.07% over the past year, which is higher than the national 1 year house appreciation rate of 8.27%. These factors make Edgewater an attractive market for people looking to buy or invest in real estate.
The median home cost in Edgewater (zip 07020) is $652,300. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Edgewater (zip 07020) is up 13.9%.
Average Age of Homes
- The median age of Edgewater (zip 07020) real estate is 23 years old
The Rental Market in Edgewater (zip 07020)
- Renters make up 59.7% of the Edgewater (zip 07020) population
- 8.0% of houses and apartments in Edgewater (zip 07020), 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.