Real Estate in Perth amboy, NJ
Updated 2026 • Housing market data from 2 zip codes • Redfin data through January 2026
📊 Perth amboy, NJ Market Activity
The Perth amboy housing market shows a median sale price of $490,000, 6.0% higher than last year. The price per square foot is $310, 310% above the national median of ~$215/sqft, down -5.0% year-over-year. Homes in Perth amboy spend a median of 88 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Perth amboy Rental Market
The average rent in Perth amboy, NJ is $2,547 per month. A 2-bedroom apartment rents for approximately $2,600/month, while a 3-bedroom home averages $2,900/month.
📦 Perth amboy Housing Supply & Demand
There are 40 new listings and 54 active properties on the market.
🏆 Perth amboy Market Competitiveness
Homes in Perth amboy sell for an average of 101.0% of their asking price. About 52% of properties sell above list price, indicating strong competition among buyers.
On average, homes sell at or above asking price
52% of sales closed above asking, % at or below
📋 Housing Overview
Perth amboy, NJ Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 489000, the balance between renting (65%) and owning (35%), and a population of 55357 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $489,000 and average rents of $2,547/month, the median household income of $56,239 provides context for affordability in Perth amboy. Whether you're looking to buy property in Perth amboy or invest in Perth amboy real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $2,600/month, while a 3-bedroom house averages $2,900/month.
Economy & What Drives Perth amboy Real Estate
Real estate values in Perth amboy, NJ are driven by local employment, school quality, and quality of life. The cost of living index of 118.8 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $56,239, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Perth amboy neighborhoods.
Pros & Cons
Pros
- •Close to NYC for jobs
- •Diverse community and cultures
- •Rich history and heritage
- •Growing local arts scene
- •Access to waterfront activities
- •Good public transportation access
- •Family-friendly neighborhoods
- •Community events year-round
- •Affordable housing options
- •Various parks and recreation areas
Cons
- •Some schools underperforming
- •Economic disparities present
- •Weather can be harsh in winter
- •Higher crime rates reported
- •Limited nightlife options
- •Traffic congestion in areas
- •Job market can be competitive
- •Limited shopping choices nearby
- •Some areas lack sufficient parks
- •Occasional racial tensions
Frequently Asked Questions
What is the cost of living in Perth amboy, NJ? ▼
The cost of living in Perth amboy, NJ is 19% higher than the national average, with a cost of living index of 119 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Perth amboy, NJ? ▼
In Perth amboy, NJ, The median home price is $489,000. requiring approximately $147,643 annual income to afford. Average rent is $2,547/month (requiring ~$101,899/year income). The local median household income is $56,239, making homeownership challenging for typical residents. Explore Perth amboy real estate data →
Is Perth amboy, NJ a safe place to live? ▼
Perth amboy, NJ is relatively safe, with crime rates below the national average. The crime rate is 17.9 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Perth amboy crime statistics →
What salary do you need to live comfortably in Perth amboy, NJ? ▼
To live comfortably in Perth amboy, NJ and afford a median-priced home of $489,000, you would typically need a household income of $122,250 to $152,812 per year. The local median household income is $56,239. Renting requires approximately $101,899/year (at $2,547/month). See full affordability analysis →
Is Perth amboy, NJ growing? ▼
Perth amboy, NJ has a population of 55,357. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The higher cost housing market and competitive job market shape migration patterns. See Perth amboy population demographics →
What are the best neighborhoods in Perth amboy, NJ? ▼
The best neighborhoods in Perth amboy, NJ depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options. Explore Perth amboy on our interactive map →
What is the commute like in Perth amboy, NJ? ▼
Commute times in Perth amboy, NJ vary by neighborhood and workplace location. As a mid-size community, most residents rely on personal vehicles, though public transit options may be available. The moderate cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Perth amboy, NJ? ▼
Tax rates in Perth amboy, NJ include state and local components. The cost of living index of 119 indicates a higher cost environment compared to the national average. View detailed Perth amboy tax information →
How does Perth amboy, NJ compare to nearby cities? ▼
Perth amboy, NJ offers comparable costs to nearby communities. With a cost of living index of 119, median home prices of $489,000, and a crime rate of 17.88 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Perth amboy, NJ? ▼
Weather in Perth amboy, NJ varies by season. Climate data varies by season. View detailed Perth amboy climate & environment data →
Is it better to rent or buy in Perth amboy, NJ? ▼
With a median home price of $489,000 and average rents of $2,547/month, the price-to-rent ratio in Perth amboy is 16.0x. This suggests buying is reasonable for those planning to stay 5+ years. See full cost analysis →
What is the price per square foot in Perth amboy, NJ? ▼
The median price per square foot in Perth amboy is $310, which is 44% above the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Perth amboy, NJ? ▼
Homes in Perth amboy spend a median of 88 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Perth amboy, NJ
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin