08837, Edison, NJ

Edison, NJ is located in Middlesex County and has a population of approximately 106,000. The median household income in Edison is $101,000 and the median home value is $429,000. Home equity in Edison has increased significantly over the past few years due to strong demand and limited supply. Currently, the average home equity ratio in Edison is 97%.

The following are some key factors that have contributed to the increase in home equity in Edison:

1) Low interest rates – Since 2007, interest rates have been at historic lows which has helped to stimulate the housing market.

2) Strong demand – Due to increasing economic prosperity and an influx of new residents into Edison, there has been strong demand for homes. This demand has driven up prices and increased home equity values.

3) Limited supply – There are currently limited opportunities for buyers who want to purchase homes in Edison due to high prices and tight inventory levels. As a result, home equity values have increased significantly compared to other areas of the country.