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Edgewater real estate market overview
- Average Monthly Rent: $1,670
- Home Price/Value Percentage Change: 5.90%
- Median Home Value: $296,775
- Best Time To Sell a Home: December
- Affordability Index: Moderate
- Days To Sell a House: 64
- Job Market: Fair
- Public School Ranking: 18
Location and weather
The tranquil city of Edgewater, Florida shares the Daytona Beach metropolitan area, sitting just 17 miles away from the city. Similar to Deltona, Edgewater is in Volusia county and has over 140 acres of land dedicated to parks for visitors and residents to fish, play sports, hike and swim. Nestled along the Indian River, Edgewater's climate is described to be comfortable throughout the year.
August and July are the coolest months, with temperatures reaching lows in the 40s. With 234 days of sun yearly, it's no wonder tourism is the main contributor to this city's economy.
Population, job market and cost of living
Edgewater has a small population of 23,802, with a growth rate of 1% annually.
The job market has decreased by -5.81% over the last year. In ten years, the job growth is predicted to be 42.93%. Architecture and engineering are the leading industries in this city, with tourism, social service, education, and arts and entertainment following close behind.
Some of the benefits of living in this small-town city is its moderate affordability, well rated education, and low crime rates. It's also less expensive than the Florida and US average cost of living.
Edgewater real estate market details
- Florida Shores
- Pelican Cove West
- Hawks Park
- Edgewater Lakes
- Riveredge Terrace
The rent in Edgewater is $1,670 for an average apartment size of 786 sq. feet.
There has been a 5.9% increase in Edgewater's median home value over the last year. As of 2023, the median home valueis $296,775.
On average, homes in Edgewater sell after 64 days on the market.
In Edgewater, the best time to sell a home for the highest value is in December. Sales in the month of November can ensure the fastest sale.
The affordability index in Edgewater is 93. This number indicates moderate affordability in this city.
The top ranked public schools are Edgewater Public School and Indian River Elementary School. This information is based on The US Department of Education, The US Census Bureau and the Florida Department of Education's data.