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Edgewater borough, NJ

ZIP 07020 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07020

Median Home Value
$723,400
Median Rent
$2,447
Affordability Snapshot
$199,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,647/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07020 in Edgewater borough, NJ, a household would need roughly $199,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,647. That is about 44% above the local median household income ($137,847), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
41.0%-37% vs US avg
x
Vacancy Rate
7.8%-24% vs US avg
x
Broadband Access
92.4%+6% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
20.5%-59% vs US avg
x
Mortgage-Free
39.6%+4% vs US avg
x
$723,400
Home Value
$2,447
Rent
1996
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached3.8%
  • 1-unit attached9.5%
  • 2-9 units21.4%
  • 10+ units65.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$723,400
Median rent$2,447
Owner-occupied41.0%
Vacant7.8%
Price-to-income5.2x
Est. income to buy$199,000