The typical owner-occupied home in South Amboy is worth about $379,700, 16% below the New Jersey median of $454,400 and 14% above the national median of $332,700. Owners pay a median $8,303 a year in property taxes, about 2.19% of their home's value, close to the New Jersey rate of 2.11%. The median household earns $91,997 a year, so the median home costs 4.1 times the median income (4.4 times for New Jersey). 56% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
South Amboy at a glance
| South Amboy | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $379,700 | $454,400 | $332,700 |
| Median property tax paid per year | $8,303 | $9,590 | $3,119 |
| Property tax as a share of value | 2.19% | 2.11% | 0.94% |
| Median household income | $91,997 | $103,556 | $80,734 |
| Homes lived in by their owners | 56% | 64% | 65% |
| Owner homes with a mortgage | 63% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,500 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 25.4% | 22.9% | 21.0% |
| Median rent | $1,707 | $1,720 | $1,413 |
| Rent as a share of renters' income | 23.8% | 30.9% | 30.6% |
| Median year homes were built | 1960 | 1970 | 1980 |
| Vacant homes | 6.3% | 7.5% | 10.1% |
| Population | 9,989 | 9,343,809 | 334,922,499 |
What a typical home costs per month in South Amboy
At this week's average 30-year rate of 7.11%, buying the median South Amboy home of $379,700 with 20% down costs about $2,895 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,527, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $124,053 for the 20%-down payment. That payment is 38% of the median South Amboy household income of $91,997; at that income and 20% down, the 28% guideline points to a home of about $282,000.
The median rent here is $1,707 a month, so owning the median home costs about $1,188 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $75,940 |
|---|---|
| Loan amount | $303,760 |
| Principal and interest | $2,043 |
| Property taxes (2.19% a year) | $693 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| PMI | $0 |
| Total per month | $2,895 |
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| Down payment | $13,290 |
|---|---|
| Loan amount | $372,823 |
| Principal and interest | $2,508 |
| Property taxes (2.19% a year) | $693 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| FHA mortgage insurance | $168 |
| Total per month | $3,527 |
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Questions about home buying in South Amboy
What is the median home value in South Amboy?
About $379,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Amboy?
Homeowners pay a median $8,303 a year, which is about 2.19% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in South Amboy?
For the median home with 20% down at 7.11%, the payment is about $2,895 a month. Keeping that under 28% of gross income takes about $124,053 a year.
More about South Amboy
- Mortgage Refinance in South Amboy
- Debt Relief in South Amboy
- Home Equity Loans in South Amboy
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data