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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Edgewood, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Edgewood, PA Housing Market Trends

With a population of 3,056, 1,559 total housing units (homes and apartments), and a median house value of $358,724, Edgewood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Edgewood, accounting for 63.39% of the borough's housing units. Other types of housing that are prevalent in Edgewood include large apartment complexes or high rise apartments ( 17.69%), duplexes, homes converted to apartments or other small apartment buildings ( 11.36%), and a few row houses and other attached homes ( 7.56%).

The most prevalent building size and type in Edgewood are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 62.41% owning and 37.59% renting.

The housing in Edgewood was primarily built before 1939 ( 59.77%), making the housing stock in Edgewood some of the oldest overall in America, although there is a range of ages of homes in Edgewood. The next most important housing age is between 1940-1969 ( 30.96%), followed by between 1970-1999 ( 8.48%).

Edgewood Home Appreciation Rates

Real estate appreciation rates in Edgewood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.42% during the period.

Over the last year, Edgewood appreciation rates have trailed the rest of the nation. In the last twelve months, Edgewood's appreciation rate has been 2.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edgewood were at 1.11%, which equates to an annual appreciation rate of 4.51%.

Relative to Pennsylvania, our data show that Edgewood's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$358,724

Edgewood Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,471 / per month

Homeownership Rate

Owners
Renters
62.4%
62.4%
37.6%
37.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.2%
4.2%
95.8%
95.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.8%
0.8%
8.5%
8.5%
31.0%
31.0%
59.8%
59.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.4%
63.4%
7.6%
7.6%
11.4%
11.4%
17.7%
17.7%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
17.1%
17.1%
24.0%
24.0%
34.1%
34.1%
14.7%
14.7%
9.5%
9.5%
0% 100.0%
% of Homes