Real Estate Investing in Edgewater, New Jersey (07020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07020 (Edgewater, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Edgewater, NJ (07020)?
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Market Analysis: 07020 Edgewater
The 07020 ZIP in Edgewater, NJ is a local-operator market. Outside capital chasing a $720K entry has to pair deep knowledge with the discount.
The 07020 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NJ picture, 07020 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A significant renter share of 58% in 07020 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 07020 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Edgewater:
Property Strategy for 07020
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $444,027 | $3,040 | 4.9% | +2.8% | $444,027 |
| 2BR | $668,601 | $3,490 | 3.8% | +3.7% | $334,301 |
| 3BR | $1,002,712 | $4,260 | 3.1% | +6.4% | $334,237 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07020 Compare?
| Metric | 07020 | Edgewater | New Jersey |
|---|---|---|---|
| Home Value | $719,770 | $719,770 | $559,826 |
| 5-Year CAGR | 4.5% | 4.5% | 8.4% |
| Avg Rent | $3,965 | $3,965 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07020 (Edgewater, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Bergen County
Manage rentals here? List your business →First National Realty Management, LLC offers tenant services including registration, maintenance requests, and notary services. summary from their website
MEM Property Management Corporation offers property management, construction, collection, and insurance services, helping clients enjoy their homes. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $719,770 |
| Monthly Rent | $3,965 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 Rent Trends
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07020
Population: 14,544
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07020
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Anna C. Scott Elementary School
Lincoln School
Ridgefield Memorial High School
School #3
School No. 1
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We evaluate schools based on factors that research shows actually impact educational outcomes:
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- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is the tenant base reliable in Edgewater, NJ?
Tenant demand in Edgewater, NJ is solid. The local workforce $3,965/mo rents across most rental classes.
Does Edgewater, NJ make sense for an investment property?
The 3.0/5 investability rating in Edgewater, NJ reflects its $720K prices and $3,965/mo rents. Investors generally consider it a solid option within NJ.
How quickly do rentals get leased in Edgewater, NJ?
Vacancy risk in Edgewater, NJ is elevated. That supports even-keeled cash flow for typical rental holds.
Are landlord laws favorable in Edgewater, NJ?
Rental owners in Edgewater, NJ deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What are home prices like in Edgewater, NJ?
The median home value in Edgewater, NJ is roughly $720K. That puts it reasonable relative to the NJ statewide average.
You know 07020 now. You don’t know where it ranks.
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How 07020 ranks in New York-Newark-Jersey City, NY-NJ-PA
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