Edgewater Park Township, NJ—08010
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edgewater Park Township, NJ
As of Oct '25, the median home price in Edgewater Park Township, NJ is $324,000, with a year-over-year change of 2.3%. This indicates that home prices in Edgewater Park Township, NJ are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 2.3% |
| Single Family | $344,000 | 2.1% |
| Condos | $173,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $161,000 | 3.9% |
2 Bed | $220,000 | 2.3% |
3 Bed | $342,000 | 4.0% |
4 Bed | $394,000 | 3.4% |
| 5 Bed | $430,000 | 1.4% |
% of Housing Stock
Rental Trends — Edgewater Park Township, NJ
As of July '25, Rentcast reports the average rent in Edgewater Park Township, NJ is $2,060, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Edgewater Park Township, NJ is 1-bedrooms: $1,770, 2-bedrooms: $1,980, 3-bedrooms: $2,550, 4-bedrooms: $3,130. The most common rental property sizes in Edgewater Park Township, NJ are 1-bedroom and 2-bedroom, accounting for 54.0% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,720 | $1,770 |
| 2 Bed Rent | $1,950 | $1,980 |
| 3 Bed Rent | $2,200 | $2,550 |
| 4 Bed Rent | $3,100 | $3,130 |
% of Rental Stock
Property Listings — Edgewater Park Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Edgewater Park Township, NJ is 50. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | 1.0% |
Listing Count | 50 | 26.0% |
| Listings as % of Homes | 0.7% | 26.0% |
Days on Market | 50 | 15.0% |
Demographics — Edgewater Park Township, NJ
As of the latest ACS Survey released in 2023, Edgewater Park Township, NJ has a population of 11,500, which has increased by 3.5% over the past 5 years. Edgewater Park Township, NJ is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 3.5% |
% Under 18 | 18.5% | -6.6% |
% Seniors | 17.4% | 5.5% |
% WFH | 11.2% | 646.7% |
% w/ College Degree | 30.1% | 44.7% |
As of the latest ACS Survey released in 2023, Edgewater Park Township, NJ is a predominantly white area, with 53.3% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Edgewater Park Township, NJ is black, making up 29.1% of the population. Foreign-born residents account for 14.2% of the population in Edgewater Park Township, NJ, and this percentage has increased by 17.4% 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 | 53.3% | 2.7% |
% Black | 29.1% | 12.4% |
% Hispanic | 12.9% | -16.8% |
% Asian | 1.0% | -33.3% |
% Foreign Born | 14.2% | 17.4% |
Mortgage and Risk — Edgewater Park Township, NJ
According to HUD data as of 2023, there were 220 mortgage originations in Edgewater Park Township, NJ, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Edgewater Park Township, NJ. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 220 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Edgewater Park Township, NJ
As of 2024, the percent of homes in Edgewater Park Township, NJ under the Section 8 program is 4.1%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Edgewater Park Township, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 121 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,720 | $1,600 |
| 2 Bedroom | -$40 | $1,950 | $1,910 |
| 3 Bedroom | $100 | $2,200 | $2,300 |
| 4 Bedroom | -$480 | $3,100 | $2,620 |
Affordability — Edgewater Park Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $324,000 |
| Median Household Income | $85,300 |