Edison, NJ

Population: 102,444
Average annual home appreciation rate: 6.55%
Total of homes for sale in this market: 948
Median home price: $372,763
Median Rent: $1,472
Home price range: 30.98% of homes are between $307,001 – $409,000
Median sales price: $320,000
Number of homes: 408
Median foreclosure sales price: $208,500
Foreclosure discount: $111,500 ( 34.8% )
Most common home type: 50.92% of homes are Single Family Detached
Number of vacant homes: 4.28%
Number of renters: 36.41%
Number of owner occupied: 63.59%
Number people living below poverty level: 6.12%
Unemployment rate: 4.7%
Is this area perfect for real estate deals going on right now? Edison NJ is showing strong appreciation rates in comparison to Jersey, and the rest of the nation. Multiple folks are renting, so rental properties will appreciate, AND be able to bring in nice rental rates per month in this market.

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