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These days, finding an affordable place to live in the Edgewater area can be challenging. Home prices in Edgewater are now at a median cost of $718,877, higher than the New Jersey average of $496,577.
The average cost of rent is $2,706/mo in Edgewater, primarily driven by the current value of real estate in the Edgewater area. In Edgewater, 58.72% of households rent, and 39.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Edgewater is $11,130 per month. Households that rent pay about 24.31% of their income on rent here. Edgewater’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cliffside Park, NJ: less expensive homes
- Fairview, NJ: less expensive homes
- Ridgefield, NJ: equally priced homes
- Palisades Park, NJ: equally priced homes
- Fort Lee, NJ: less expensive homes
- Guttenberg, NJ: less expensive homes
- North Bergen, NJ: less expensive homes
- West New York, NJ: less expensive homes
- Leonia, NJ: less expensive homes
- Manhattan, NY: higher priced homes
Cities with Similar Populations
- West University Place, TX: higher priced homes
- Cherry Hill Mall, NJ: less expensive homes
- Chatham, IL: less expensive homes
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- Wapakoneta, OH: less expensive homes
- Warren, PA: less expensive homes
- Warrenville, IL: less expensive homes
- Carriere, MS: less expensive homes
- Washington, IN: less expensive homes
- Waterford, CT: less expensive homes
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