Edison, NJ—08820
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edison, NJ
As of Oct '25, the median home price in Edison, NJ is $804,000, with a year-over-year change of 3.6%. This indicates that home prices in Edison, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $804,000 | 3.6% |
| Single Family | $842,000 | 2.6% |
| Condos | $587,000 | 6.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $552,000 | 4.9% |
3 Bed | $722,000 | 3.7% |
4 Bed | $920,000 | 3.6% |
| 5 Bed | $1,199,000 | 4.4% |
% of Housing Stock
Rental Trends — Edison, NJ
As of July '25, Rentcast reports the average rent in Edison, NJ is $3,330, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Edison, NJ is 1-bedrooms: $1,180, 2-bedrooms: $2,840, 3-bedrooms: $3,310, 4-bedrooms: $4,380. The most common rental property sizes in Edison, NJ are 2-bedroom and 1-bedroom, accounting for 44.0% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $965 | $1,180 |
| 2 Bed Rent | $2,800 | $2,840 |
| 3 Bed Rent | $3,200 | $3,310 |
| 4 Bed Rent | $4,000 | $4,380 |
% of Rental Stock
Property Listings — Edison, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Edison, NJ is 38. This is a decrease of -9.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $934,000 | 2.0% |
Listing Count | 98 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 38 | -9.0% |
Demographics — Edison, NJ
As of the latest ACS Survey released in 2023, Edison, NJ has a population of 39,400, which has increased by 1.5% over the past 5 years. Edison, NJ is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 71.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,400 | 1.5% |
% Under 18 | 24.8% | 6.0% |
% Seniors | 18.0% | 5.9% |
% WFH | 29.7% | 350.0% |
% w/ College Degree | 71.1% | 7.6% |
As of the latest ACS Survey released in 2023, Edison, NJ is a predominantly asian area, with 70.0% of the population identifying as asian. The asian population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Edison, NJ is white, making up 17.5% of the population. Foreign-born residents account for 54.5% of the population in Edison, NJ, and this percentage has decreased by 3.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 17.5% | -20.1% |
% Black | 5.2% | 33.3% |
% Hispanic | 3.8% | -26.9% |
% Asian | 70.0% | 3.9% |
% Foreign Born | 54.5% | -3.5% |
Mortgage and Risk — Edison, NJ
According to HUD data as of 2023, there were 488 mortgage originations in Edison, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Edison, NJ. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 488 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Edison, NJ
As of 2024, the percent of homes in Edison, NJ under the Section 8 program is 13.4%. 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 Edison, 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 | 482 |
Total Units Section 8 | 394 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $925 | $965 | $1,890 |
| 2 Bedroom | -$420 | $2,800 | $2,380 |
| 3 Bedroom | -$330 | $3,200 | $2,870 |
| 4 Bedroom | -$840 | $4,000 | $3,160 |
Affordability — Edison, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $804,000 |
| Median Household Income | $168,000 |