Edgewater, NJ 07020 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Edgewater, NJ—07020

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$680,000

4.0% YoY Growth

Household Income

$138,000

28.7% YoY Growth

Days on Market

10.0% Shorter YoY

Home Price Forecast

1.8%

Median Rent

$3,100

8.7% YoY Growth

1-Bed Rent

$2,700

5.7% YoY Growth

2-Bed Rent

$3,800

4.8% YoY Growth

3-Bed Rent

$3,900

12.7% YoY Growth

Home Price Trends — Edgewater, NJ

As of Dec '25, the median home price in Edgewater, NJ is $680,000, with a year-over-year change of 4.0%. This indicates that home prices in Edgewater, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$680,000	4.0%
Single Family	$884,000	3.6%
Condos	$600,000	2.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Edgewater, NJ

As of July '25, Rentcast reports the average rent in Edgewater, NJ is $3,580, with a year-over-year rent change of -8.7%. Per bedroom, the median rent as of July '25 in Edgewater, NJ is studios: $2,170, 1-bedrooms: $2,760, 2-bedrooms: $3,910, 3-bedrooms: $4,680, 4-bedrooms: $8,330. The most common rental property sizes in Edgewater, NJ are 2-bedroom and 1-bedroom, accounting for 45.1% and 34.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,100	$3,580
Studio Rent	$2,160	$2,170
1 Bed Rent	$2,700	$2,760
2 Bed Rent	$3,800	$3,910
3 Bed Rent	$3,900	$4,680
4 Bed Rent	$8,000	$8,330

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% of Rental Stock

Studio

9.8%

1 Bedroom

34.4%

2 Bedrooms

45.1%

3 Bedrooms

9.8%

4 Bedrooms

1.0%

Property Listings — Edgewater, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Edgewater, NJ is 52. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$637,000	-14.0%
Listing Count	67	26.0%
Listings as % of Homes	1.1%	26.0%
Days on Market	59	-10.0%

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Demographics — Edgewater, NJ

As of the latest ACS Survey released in 2023, Edgewater, NJ has a population of 14,500, which has increased by 19.4% over the past 5 years. Edgewater, NJ is a moderately popular place for families, as children make up 15.1% of the population. The area has a highly educated workforce, with 74.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,500	19.4%
% Under 18	15.1%	-20.5%
% Seniors	13.9%	8.6%
% WFH	25.4%	229.9%
% w/ College Degree	74.0%	7.4%

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As of the latest ACS Survey released in 2023, Edgewater, NJ is a predominantly asian area, with 42.1% of the population identifying as asian. The asian population has grown by 19.9% in the last 5 years. The second most common race or ethnicity in Edgewater, NJ is white, making up 37.9% of the population. Foreign-born residents account for 53.1% of the population in Edgewater, NJ, and this percentage has increased by 24.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	37.9%	-13.9%
% Black	4.5%	-2.2%
% Hispanic	12.4%	-10.1%
% Asian	42.1%	19.9%
% Foreign Born	53.1%	24.1%

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Mortgage and Risk — Edgewater, NJ

According to HUD data as of 2023, there were 182 mortgage originations in Edgewater, NJ, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Edgewater, NJ. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	182
% Conventional Loans	100.0%
% Government Loans	0.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Edgewater, NJ

As of 2024, the percent of homes in Edgewater, NJ under the Section 8 program is 6.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Edgewater, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	252
Total Units Section 8	252
% Rentals under Section 8	6.1%
% Occupied Section 8	97.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$10	$2,700	$2,710
2 Bedroom	-$690	$3,800	$3,110
3 Bedroom	-$70	$3,900	$3,830
4 Bedroom	-$3,160	$8,000	$4,840

Edgewater, NJ—07020

Key Metrics at a Glance

Home Price Trends — Edgewater, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Edgewater, NJ

% of Rental Stock

Property Listings — Edgewater, NJ

Demographics — Edgewater, NJ

Race and Ethnicity

Mortgage and Risk — Edgewater, NJ

Mortgages

Rentals and Section 8 — Edgewater, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Edgewater, NJ

Home Price to Income Ratio

Edgewater, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Cliffside Park, NJ

Harlem, New York, NY

Hamilton Heights, New York, NY

Morningside Heights, New York, NY

Fort Lee, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$680,000
Median Household Income	$138,000

Edgewater, NJ—07020

Key Metrics at a Glance

Home Price Trends — Edgewater, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Edgewater, NJ

% of Rental Stock

Property Listings — Edgewater, NJ

Demographics — Edgewater, NJ

Race and Ethnicity

Mortgage and Risk — Edgewater, NJ

Mortgages

Rentals and Section 8 — Edgewater, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Edgewater, NJ

Home Price to Income Ratio

Edgewater, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Cliffside Park, NJ

Harlem, New York, NY

Hamilton Heights, New York, NY

Morningside Heights, New York, NY

Fort Lee, NJ

Frequently Asked Questions

What is the average home price in Edgewater, NJ 07020?

How have home prices in Edgewater, NJ 07020 changed over the past year?

What is the home price projection for Edgewater, NJ 07020?

What are the demographics of Edgewater, NJ 07020?

How long does it take homes to sell in Edgewater, NJ 07020?

What is the average rent price in Edgewater, NJ 07020?