Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Edison area can be challenging. Home prices in Edison are now at a median cost of $426,426, higher than the New Jersey average of $388,929.
The average cost of rent is $1,814/mo in Edison, primarily driven by the current value of real estate in the Edison area. While nearly 38.41% of residents own their homes outright in Edison, 38.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Edison is $10,038 per month. Households that rent pay about 18.07% of their income on rent here. Edison's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Metuchen, NJ: equally priced homes
- Fords, NJ: less expensive homes
- South Plainfield, NJ: less expensive homes
- Iselin, NJ: less expensive homes
- Highland Park, NJ: less expensive homes
- Piscataway, NJ: less expensive homes
- Keasbey, NJ: less expensive homes
- Colonia, NJ: equally priced homes
- Woodbridge, NJ: less expensive homes
- New Brunswick, NJ: less expensive homes
Cities with Similar Populations
- Loganville, GA: less expensive homes
- Lexington, NC: less expensive homes
- Lincoln, NE: less expensive homes
- Lexington, KY: less expensive homes
- Lodi, CA: less expensive homes
- Littleton, CO: higher priced homes
- Livermore, CA: higher priced homes
- Lima, OH: less expensive homes
- Lithonia, GA: less expensive homes
- Jupiter, FL: equally priced homes
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