0
menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Perth Amboy, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Perth Amboy, NJ Housing Market Trends

With a population of 55,357, 18,409 total housing units (homes and apartments), and a median house value of $511,052, Perth Amboy real estate prices are well above average cost compared to national prices.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Perth Amboy, accounting for 38.21% of the city's housing units. Other types of housing that are prevalent in Perth Amboy include single-family detached homes ( 30.07%), large apartment complexes or high rise apartments ( 24.73%), and a few row houses and other attached homes ( 6.88%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Perth Amboy is dominated by renter-occupied one, two, or no bedrooms apartments. 65.01% of Perth Amboy's dwellings are rentals.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Perth Amboy's housing was primarily built during this period, from the '40s through the '60s. A full 33.36% of the city's housing hails from this era. Other housing ages represented in Perth Amboy include homes built before 1939 ( 32.02%) and housing constructed between 1970-1999 ( 22.13%). There's also some housing in Perth Amboy built between 2000 and later ( 12.49%).

Perth Amboy Home Appreciation Rates

In the last 10 years, Perth Amboy has experienced some of the highest home appreciation rates of any community in the nation. Perth Amboy real estate appreciated 121.58% over the last ten years, which is an average annual home appreciation rate of 8.28%, putting Perth Amboy in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Perth Amboy definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Perth Amboy that despite a nationwide downturn in the housing market, Perth Amboy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Perth Amboy appreciation rates continue to be some of the highest in America, at 9.73%, which is higher than appreciation rates in 85.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Perth Amboy. Perth Amboy appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.

Relative to New Jersey, our data show that Perth Amboy's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Perth Amboy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Perth Amboy - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Perth Amboy real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$511,052

Perth Amboy, NJ Home Prices
> $1,442,000
$1,081,001 - $1,442,000
$721,001 - $1,081,000
$577,001 - $721,000
$433,001 - $577,000
$288,001 - $433,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
1.2%
1.2%
1.2%
1.2%
9.4%
9.4%
16.7%
16.7%
31.3%
31.3%
27.7%
27.7%
9.3%
9.3%
0.5%
0.5%
2.7%
2.7%
0% 100.0%
% of Homes
Low

for New jersey

Very High

for nation

Number of Homes And Apartments:

18,409

Perth Amboy Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,057 / per month

Homeownership Rate

Owners
Renters
35.0%
35.0%
65.0%
65.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.9%
3.9%
96.1%
96.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.5%
12.5%
22.1%
22.1%
33.4%
33.4%
32.0%
32.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
30.1%
30.1%
6.9%
6.9%
38.2%
38.2%
24.7%
24.7%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.7%
4.7%
17.0%
17.0%
33.3%
33.3%
33.4%
33.4%
9.8%
9.8%
1.7%
1.7%
0% 100.0%
% of Homes