Rent To Own Homes in Perth Amboy, NJ

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Home Value Estimator For Perth Amboy, NJ

There are currently 8,388 real estate properties in Perth Amboy, NJ, with a median automated valuation model (AVM) price of $408,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Perth Amboy, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Perth Amboy, NJ, is $419,476.00, with the most expensive house in Perth Amboy, NJ, topping out at $6,501,300.00 and the cheapest home in Perth Amboy, NJ, clocking in at $19,220.00. In other words, there’s something for every potential homebuyer or savvy investor in Perth Amboy, NJ!

Rent Prices In Perth Amboy, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Perth Amboy, NJ, is on a rollercoaster ride. The average rent price in Perth Amboy, NJ, is $1,768.00. Indeed, when looking to rent in Perth Amboy, NJ, you can expect to pay as little as $1,020.00 or as much as $3,060.00, with the average rent median estimated to be $1,670.00. The good news is that finding an affordable and desirable property to rent in Perth Amboy, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Perth Amboy, NJ In 2024

Perth Amboy is located in Middlesex, New Jersey, with an estimated municipal population of 51,390 residents. All of the best foreclosed homes for sale in Perth Amboy are located in the following zip code areas on 08861 08862. The estimated population per square kilometer (.62 miles) in Perth Amboy is 4,255.

Cost Of Living In Perth Amboy, NJ

So, about how much do homes cost in Perth Amboy? The most recent median value of resident-owned homes in Perth Amboy is 262,113. An estimated 28.7 percent of households in Perth Amboy own their homes, with an average family size of 3.63. The median household income in Perth Amboy is 52,563, with20.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Perth Amboy, the median commute time of resident workers (in minutes) is 25.9. And last, but certainly not least, are you looking for homes to rent in Perth Amboy? If so, the average rent price paid by renters in Perth Amboy is 1,340, according to recent statistics.

Diversity And Demographics In Perth Amboy, New Jersey

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Perth Amboy, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Perth Amboy is 33.3, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Perth Amboy is 40.2, with an average family size of 3.63.

The percentage of residents who report their race in Perth Amboy is as follows:

White 79.2%
Black / African American 8.4%
Asian 1.1%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.5%
Other 8.7%

Looking for family-friendly neighborhoods in and/or near Perth Amboy? Or maybe you are searching for 55+ active adult communities in and/or near Perth Amboy?

The percentage of residents who report their age in Perth Amboy is as follows:

Under 10 15.2%
Aged 10-19 14.8%
20s 15.7%
30s 13.5%
40s 13.2%
50s 12%
60s 8.3%
70s 4.5%
80+ 2.9%

Best Schools In Perth Amboy, New Jersey

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Perth Amboy with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Perth Amboy.

Pros And Cons Of Living In Perth Amboy, New Jersey

How do you know that living in -- or moving to -- Perth Amboy is right where you need to be? Perhaps you grew up in Perth Amboy or already live nearby; therefore, the decision to buy a home in Perth Amboy is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Perth Amboy for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Perth Amboy:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Perth Amboy.

Reasons To Move To Perth Amboy, New Jersey, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Perth Amboy can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Perth Amboy, meanwhile, can field multiple offers from more qualified buyers.

Perth Amboy, NJ Rent To Own Homes


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