Real Estate Market Update for 08861 (Perth Amboy, NJ)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 12% from one year earlier, and up 10% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 26%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 100-thousand dollars. The number of units sold increased 150% year-over-year, and increased 150% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 08861 (Perth Amboy, NJ)
Area Information for 08861 (Perth Amboy, NJ)
  • Population: 54,346
  • Median Age: 34.07 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 10,466/sq mi
  • Population Change Since 2000: 8.49%
  • Closest Airport: Newark Liberty International
  • Closest College: Rabbi Jacob Joseph School
  • Closest Jr. College: Middlesex County College
  • Median Household Income: $45,603
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $160,000
  • Closest Major Sports Team: Staten Island Yankees (a)
  • Change Avg. Household Income Since 2000: 19.15%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 08861 (Perth Amboy, NJ)
Median Age: 34.07 Married: 31% Number of Households: 16,615 Households with Children: 6,771
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 08861 (Perth Amboy, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Assumption Catholic School 0.0 mi Private PRESCHOOL-8 0 0
      Samuel E Shull Middle School 0.1 mi Public 5-8 2 0
      Our Lady Of Peace 0.1 mi Private PRESCHOOL-8 0 0
      Perth Amboy High School 0.2 mi Public 9-12 1 3
      Ignacio Cruz Ecc 0.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Edward J patten Elementary School 0.5 mi Public K-4 1 0
      Edmund J Hmieleski Ecc 0.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      Hn Richardson 21 Cent School 0.7 mi Public K-4 0 0
      Perth Amboy Catholic School 0.7 mi Catholic PRESCHOOL-8 0 0
      Anthony V Ceres School 0.8 mi Public K-4 1 0
      Perth Amboy Adult High School 0.8 mi Public - 0 0
      Perth Amboy Vocational School 0.9 mi Public 9-12 1 0
      James J. Flynn Elementary School 1.0 mi Public K-4 1 0
      Mc Ginnis Middle School 1.1 mi Public 5-8 1 0
      Robert N wilentz Elementary School 1.4 mi Public K-4 1 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 08861 (Perth Amboy, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.