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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 9,329 people, 4,031 houses or apartments, and a median cost of homes of $530,283, South Amboy real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in South Amboy, accounting for 43.70% of the city's housing units. Other types of housing that are prevalent in South Amboy include duplexes, homes converted to apartments or other small apartment buildings ( 23.52%), large apartment complexes or high rise apartments ( 20.30%), and a few row houses and other attached homes ( 12.48%).
People in South Amboy primarily live in small (one, two or no bedroom) single-family detached homes. South Amboy has a mixture of owner-occupied and renter-occupied housing.
The housing in South Amboy was primarily built before 1939 ( 36.77%), making the housing stock in South Amboy some of the oldest overall in America, although there is a range of ages of homes in South Amboy. The next most important housing age is between 1940-1969 ( 26.62%), followed by between 2000 and later ( 21.08%). There's also some housing in South Amboy built between 1970-1999 ( 15.53%).
Appreciation rates for homes in South Amboy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.09%, which ranks in the top 40% nationwide. This equates to an annual average South Amboy house appreciation rate of 6.97%.
Appreciation rates are so strong in South Amboy that despite a nationwide downturn in the housing market, South Amboy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Amboy appreciation rates continue to be some of the highest in America, at 12.63%, which is higher than appreciation rates in 94.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Amboy. South 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 South Amboy's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
$530,283
for New jersey
for nation
4,031
$3,269 / per month