1031 Exchange Perth Amboy, New Jersey

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Perth Amboy due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Perth Amboy, New Jersey is a part of the East Middlesex Submarket submarket area, and contains zip codes 08861 and 08862.

Perth Amboy Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Perth Amboy, NJ submarket area was $1,455, which is 12.88% lower than 2014 average rent. This represents a compounded annual growth rate of 2.45%. 2019 vacancy in Perth Amboy, NJ was 2.80%.

The total population of the city of Perth Amboy, NJ has grown 2.19% since 2010. As of 2018, the population was 51,928. The median household income of the Perth Amboy was $53,011, which is 12.08% lower than the national average.

  • submarket area East Middlesex Submarket
  • avg rent $1,455
  • rent growth 12.88%
  • vacancy 2.80%
  • median income $53,011
  • population (2018) 51,928
  • population growth 2.19%
  • vs. nat'l avg 12.08%
  • zip codes 08861 08862

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