South Amboy, NJ—08879
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Amboy, NJ
As of Oct '25, the median home price in South Amboy, NJ is $513,000, with a year-over-year change of 4.1%. This indicates that home prices in South 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 | $513,000 | 4.1% |
| Single Family | $514,000 | 3.2% |
| Condos | $486,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $442,000 | 4.0% |
3 Bed | $532,000 | 2.9% |
4 Bed | $585,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Amboy, NJ
As of July '25, Rentcast reports the average rent in South Amboy, NJ is $2,880, with a year-over-year rent change of 16.1%. Per bedroom, the median rent as of July '25 in South Amboy, NJ is studios: $2,170, 1-bedrooms: $1,900, 2-bedrooms: $2,510, 3-bedrooms: $3,430, 4-bedrooms: $6,500. The most common rental property sizes in South Amboy, NJ are 2-bedroom and 1-bedroom, accounting for 40.0% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,880 |
| Studio Rent | $2,170 | $2,170 |
| 1 Bed Rent | $1,820 | $1,900 |
| 2 Bed Rent | $2,350 | $2,510 |
| 3 Bed Rent | $3,200 | $3,430 |
| 4 Bed Rent | $6,500 | $6,500 |
% of Rental Stock
Property Listings — South Amboy, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in South Amboy, NJ is 41. This is a increase of 9.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $534,000 | 10.0% |
Listing Count | 81 | 18.0% |
| Listings as % of Homes | 0.7% | 18.0% |
Days on Market | 41 | 9.0% |
Demographics — South Amboy, NJ
As of the latest ACS Survey released in 2023, South Amboy, NJ has a population of 23,300, which has increased by 2.3% over the past 5 years. South Amboy, NJ is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | 2.3% |
% Under 18 | 20.2% | 4.1% |
% Seniors | 17.8% | 28.1% |
% WFH | 9.0% | 45.2% |
% w/ College Degree | 31.6% | 19.7% |
As of the latest ACS Survey released in 2023, South Amboy, NJ is a predominantly white area, with 55.1% of the population identifying as white. The white population has shrunk by 16.5% in the last 5 years. The second most common race or ethnicity in South Amboy, NJ is hispanic, making up 22.7% of the population. Foreign-born residents account for 21.4% of the population in South Amboy, NJ, and this percentage has increased by 7.0% 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 | 55.1% | -16.5% |
% Black | 12.4% | 44.2% |
% Hispanic | 22.7% | 29.7% |
% Asian | 9.1% | 5.8% |
% Foreign Born | 21.4% | 7.0% |
Mortgage and Risk — South Amboy, NJ
According to HUD data as of 2023, there were 400 mortgage originations in South Amboy, NJ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in South Amboy, NJ. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 400 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — South Amboy, NJ
As of 2024, the percent of homes in South Amboy, NJ under the Section 8 program is 7.0%. 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 South 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 | 414 |
Total Units Section 8 | 261 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,820 | $1,630 |
| 2 Bedroom | -$300 | $2,350 | $2,050 |
| 3 Bedroom | -$710 | $3,200 | $2,490 |
| 4 Bedroom | -$3,770 | $6,500 | $2,730 |
Affordability — South Amboy, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $513,000 |
| Median Household Income | $98,000 |