Edgewater Real Estate Market Overview
Average Monthly Rent:
$1,134
Percentage Change in Home Price/Value:
32.8%
Median Home Value:
$312,000
Best Time To Sell Home:
December
Affordability Index:
168
Days To Sell House:
57
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 24,464, with a growth rate of 0.75% annually. The job market has increased by 2.0% over the last year. In ten years, the job growth is predicted to be 42.9%. 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 affordability, well rated education, and low crime rates. It’s also less expensive than the Florida and U.S. average cost of living.