Edgewater, NJ—07020
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edgewater, NJ
As of Oct '25, the median home price in Edgewater, NJ is $685,000, with a year-over-year change of 4.5%. This indicates that home prices in Edgewater, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $685,000 | 4.5% |
| Single Family | $864,000 | 3.5% |
| Condos | $614,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $444,000 | 2.8% |
2 Bed | $669,000 | 1.8% |
3 Bed | $1,003,000 | 3.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Edgewater, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Edgewater, NJ is 44. This is a decrease of -4.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $657,000 | -18.0% |
Listing Count | 80 | 14.0% |
| Listings as % of Homes | 1.1% | 14.0% |
Days on Market | 44 | -4.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Edgewater, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $685,000 |
| Median Household Income | $138,000 |