Rent to own Homes in Perth Amboy, NJ
Rich History: Perth Amboy served as New Jersey's original capital city. Take a trip back in time and visit Perth's City Hall, which was the very first city hall built in the United States, which It was completed in 1685. You can also visit the Royal Governor's Mansion, located on Kearny Street, which was built in 1762.
Perth Amboy, NJ is a great place for affordable rent-to-own homes! With a median household income of over $54,188 and a median rent of $1,387, the Perth Amboy, NJ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Perth Amboy, NJ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Perth Amboy, NJ Property Resources
Rent to own Homes in Cities Near Perth Amboy, NJ
- Belford
- Brownville
- Clearbrook
- Cliffwood
- Cliffwood Beach
- Concordia
- Connecticut Farms
- East Franklin
- East Freehold
- Eatontown
- Elizabeth
- Fords
- Fort Monmouth
- Harrison
- Hazlet
- Helmetta
- Highlands
- Hopelawn
- Howell
- Keansburg
- Kearny
- Kenilworth
- Keyport
- Leonardo
- Linden
- Little Silver
- Llewellyn Park
- Madison
- Marlboro
- Menlo Park Terrace
- Monroe Manor
- Monroe Township
- North Brunswick
- Oceanport
- Parlin
- Perth Amboy
- Port Monmouth
- Red Bank
- Roosevelt
- Rossmoor
- Rumson
- Rutgers University Livingston Campus
- Sayreville
- Secaucus
- Shrewsbury
- Society Hill
- Somerset
- Springfield
- Whittingham
- Yorketown
Neighborhoods in Perth Amboy, NJ
Hall Avenue rent to own homes Chickentown rent to own homes Downtown Perth Amboy rent to own homes Harbortown rent to own homes State Street rent to own homes Amboy Avenue rent to own homes Maurer rent to own homes Spa Springs rent to own homes Southwestern Perth Amboy rent to own homes The Waterfront rent to own homesBuying a Home in Perth Amboy, NJ
Perth Amboy, NJ is seeing rapid growth and Perth Amboy, NJ's' housing market remains not optimal with an average home price that is 24% above the 2024 national average. Perth Amboy, NJ is part of Middlesex county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Middlesex is 1.76% which is above the national average, which is 0.99%.
Median Home Price in Perth Amboy, NJ
Median Rent in Perth Amboy, NJ
11 Reasons to Live in Perth Amboy
Varied Cuisine: Perth Amboy offers residents the tastes of many cultural backgrounds. Seabra's Armory on Front Street serves Portuguese fare to the appreciation of the locals, while Carvajal Mexican Restaurant offers its scrumptious tastings on Goodwin Street.
Rising Population: Perth Amboy's population has increased greatly since the year 2000, hovering between 50,000 and 52,000 for the past five years. The close-knit feel of this city can be felt in neighborhoods like Harbortown and Hall Avenue, and the 7.61% vacancy rate gives you the opportunity to be a part of it!
Waterfront Living: Whether you are looking to buy property or rent to own, the Waterfront neighborhood has much to offer. Recently revitalized, this small area is home to two museums, the Perth Amboy Ferry Slip, a yacht club and a band-shell, where Concerts by the Bay is hosted in the summertime.
Reduced Sales Tax in Downtown: Downtown Perth Amboy is designated as an Urban Enterprise Zone and as a result, the sales tax rate is down to a mere 3.5%. Funds are used for the revitalization of Smith Street, the heart of the downtown area. A low sales tax and a median rental rate of $981 means more money in your pocket!
Move into Harbortown: Harbortown is located right on the bay and is continuing to be expanded with 21 more boat slips being built at the Perth Amboy City Marina. Housing in the area are expected to increase by 13% over the next year, so look for rent to own houses and homes for sale now while prices are down.
Easy Access to New York City: The Outerbridge Crossing, part of NY-440/NJ-440, crosses over the Arthur Kill and connects Perth Amboy with Staten Island. Victory Bridge arches over the Raritan River, connecting the borough of Sayreville to Perth Amboy via Route 35.
Home of Inspiring People: Share a hometown with such individuals as Jon Bon Jovi, who was born there, as well as Bon Jovi guitar player Richie Sambora. Famous artists from Perth Amboy include John Watson and George Inness. While music is on your mind, head out to Studio 901 and Club 516 to dance the night away.
Up and Coming City: After ambitious revitalization efforts, life Perth Amboy is only going up, up, up. The median home cost is $189,800, making for sale or rent to own homes more attractive. Start your search in the Chickentown and Sea Springs neighborhoods.
Great Commutes: You won't have to worry about long commutes living in Perth Amboy. The average commute is about 27 minutes, one minute shorter than the national average. This fact is largely attributed to the excellent transportation options available, including the New Jersey Coast Line train, the NJ Transit bus lines and the Perth Amboy ferry boats.
Great for Renters: With apartment housing making up 42.29% of the market in Perth Amboy, it's not surprising that over 60% of residents rent. Look for affordable homes in the City Center and Hopelawn neighborhoods.