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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 12,896 people, 4,530 houses or apartments, and a median cost of homes of $777,067, Edgewood house prices are not only among the most expensive in Washington, Edgewood real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Edgewood, accounting for 70.97% of the city's housing units. Other types of housing that are prevalent in Edgewood include large apartment complexes or high rise apartments ( 13.49%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), and a few row houses and other attached homes ( 4.07%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edgewood. Owner-occupied housing accounts for 70.76% of Edgewood's homes, and 55.90% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Edgewood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Edgewood built between 2000 and later ( 35.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.86%). There's also some housing in Edgewood built before 1939 ( 4.93%).
In the last 10 years, Edgewood has experienced some of the highest home appreciation rates of any community in the nation. Edgewood real estate appreciated 133.94% over the last ten years, which is an average annual home appreciation rate of 8.87%, putting Edgewood in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Edgewood definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 3.25%, 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 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes Edgewood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Washington, our data show that Edgewood's latest annual appreciation rate is higher than 60% of the other cities and towns in Washington.
$777,067
for Washington
for nation
4,530
$3,009 / per month