Perth Amboy, NJ—08861
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Perth Amboy, NJ
As of Oct '25, the median home price in Perth Amboy, NJ is $485,000, with a year-over-year change of 4.0%. This indicates that home prices in Perth Amboy, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $485,000 | 4.0% |
| Single Family | $495,000 | 3.1% |
| Condos | $355,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $380,000 | 3.0% |
3 Bed | $473,000 | 3.3% |
4 Bed | $532,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Perth Amboy, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Perth Amboy, NJ is 35. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $449,000 | 7.0% |
Listing Count | 54 | -13.0% |
| Listings as % of Homes | 0.2% | -13.0% |
Days on Market | 35 | -15.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Perth Amboy, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $485,000 |
| Median Household Income | $60,500 |