Perth Amboy, NJ 08861 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Perth Amboy, NJ—08861

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$502,000

2.1% YoY Growth

Household Income

$60,500

11.8% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$2,500

5.1% YoY Growth

1-Bed Rent

$1,800

0.6% YoY Growth

2-Bed Rent

$2,500

4.1% YoY Growth

3-Bed Rent

$2,600

1.4% YoY Growth

Home Price Trends — Perth Amboy, NJ

As of May '26, the median home price in Perth Amboy, NJ is $502,000, with a year-over-year change of 2.1%. This indicates that home prices in Perth Amboy, NJ are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$502,000	2.1%
Single Family	$511,000	2.0%
Condos	$372,000	1.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Perth Amboy, NJ

As of July '25, Rentcast reports the average rent in Perth Amboy, NJ is $2,480, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Perth Amboy, NJ is studios: $2,070, 1-bedrooms: $1,790, 2-bedrooms: $2,540, 3-bedrooms: $2,830, 4-bedrooms: $2,940. The most common rental property sizes in Perth Amboy, NJ are 2-bedroom and 1-bedroom, accounting for 40.3% and 25.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,480
Studio Rent	$1,620	$2,070
1 Bed Rent	$1,800	$1,790
2 Bed Rent	$2,500	$2,540
3 Bed Rent	$2,600	$2,830
4 Bed Rent	$2,900	$2,940

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% of Rental Stock

Studio

5.3%

1 Bedroom

25.5%

2 Bedrooms

40.3%

3 Bedrooms

24.0%

4 Bedrooms

4.3%

5+ Bedrooms

0.6%

Property Listings — Perth Amboy, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Perth Amboy, NJ is 38. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$450,000	-3.0%
Listing Count	69	32.0%
Listings as % of Homes	0.2%	32.0%
Days on Market	38	26.0%

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Demographics — Perth Amboy, NJ

As of the latest ACS Survey released in 2023, Perth Amboy, NJ has a population of 58,300, which has increased by 8.1% over the past 5 years. Perth Amboy, NJ is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	58,300	8.1%
% Under 18	23.4%	-13.0%
% Seniors	13.2%	18.9%
% WFH	4.5%	125.0%
% w/ College Degree	15.5%	2.6%

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As of the latest ACS Survey released in 2023, Perth Amboy, NJ is a predominantly hispanic area, with 79.0% of the population identifying as hispanic. The hispanic population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Perth Amboy, NJ is white, making up 12.4% of the population. Foreign-born residents account for 47.0% of the population in Perth Amboy, NJ, and this percentage has increased by 13.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	12.4%	0.0%
% Black	7.5%	-7.4%
% Hispanic	79.0%	-0.5%
% Asian	2.3%	64.3%
% Foreign Born	47.0%	13.8%

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Mortgage and Risk — Perth Amboy, NJ

According to HUD data as of 2023, there were 393 mortgage originations in Perth Amboy, NJ, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Perth Amboy, NJ. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	393
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Perth Amboy, NJ

As of 2024, the percent of homes in Perth Amboy, NJ under the Section 8 program is 12.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Perth Amboy, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	1,636
Total Units Section 8	1,633
% Rentals under Section 8	12.2%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$170	$1,800	$1,630
2 Bedroom	-$450	$2,500	$2,050
3 Bedroom	-$110	$2,600	$2,490
4 Bedroom	-$170	$2,900	$2,730

Perth Amboy, NJ—08861

Key Metrics at a Glance

Home Price Trends — Perth Amboy, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Perth Amboy, NJ

% of Rental Stock

Property Listings — Perth Amboy, NJ

Demographics — Perth Amboy, NJ

Race and Ethnicity

Mortgage and Risk — Perth Amboy, NJ

Mortgages

Rentals and Section 8 — Perth Amboy, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Perth Amboy, NJ

Home Price to Income Ratio

Perth Amboy, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Tottenville, New York, NY

Woodbridge, NJ

Sewaren, NJ

Keasbey, NJ

Fords, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.8
Median Home Price	$502,000
Median Household Income	$60,500

Perth Amboy, NJ—08861

Key Metrics at a Glance

Home Price Trends — Perth Amboy, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Perth Amboy, NJ

% of Rental Stock

Property Listings — Perth Amboy, NJ

Demographics — Perth Amboy, NJ

Race and Ethnicity

Mortgage and Risk — Perth Amboy, NJ

Mortgages

Rentals and Section 8 — Perth Amboy, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Perth Amboy, NJ

Home Price to Income Ratio

Perth Amboy, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Tottenville, New York, NY

Woodbridge, NJ

Sewaren, NJ

Keasbey, NJ

Fords, NJ

Frequently Asked Questions

What is the average home price in Perth Amboy, NJ 08861?

How have home prices in Perth Amboy, NJ 08861 changed over the past year?

What is the home price projection for Perth Amboy, NJ 08861?

What are the demographics of Perth Amboy, NJ 08861?

How long does it take homes to sell in Perth Amboy, NJ 08861?

What is the average rent price in Perth Amboy, NJ 08861?