Bound Brook, NJ 08805 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bound Brook, NJ—08805

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$514,000

0.5% YoY Growth

Household Income

$84,200

15.5% YoY Growth

Days on Market

22.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$2,300

3.7% YoY Growth

1-Bed Rent

$1,950

8.2% YoY Growth

2-Bed Rent

$2,400

3.4% YoY Growth

3-Bed Rent

$3,000

0.7% YoY Growth

Home Price Trends — Bound Brook, NJ

As of Dec '25, the median home price in Bound Brook, NJ is $514,000, with a year-over-year change of 0.5%. This indicates that home prices in Bound Brook, NJ are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$514,000	0.5%
Single Family	$522,000	0.0%
Condos	$343,000	1.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Bound Brook, NJ

As of July '25, Rentcast reports the average rent in Bound Brook, NJ is $2,310, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Bound Brook, NJ is studios: $1,800, 1-bedrooms: $1,990, 2-bedrooms: $2,460, 3-bedrooms: $2,900, 4-bedrooms: $3,150. The most common rental property sizes in Bound Brook, NJ are 2-bedroom and 1-bedroom, accounting for 38.6% and 36.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,310
Studio Rent	$1,700	$1,800
1 Bed Rent	$1,950	$1,990
2 Bed Rent	$2,400	$2,460
3 Bed Rent	$3,000	$2,900
4 Bed Rent	$3,150	$3,150

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% of Rental Stock

Studio

4.9%

1 Bedroom

36.4%

2 Bedrooms

38.6%

3 Bedrooms

15.9%

4 Bedrooms

3.6%

5+ Bedrooms

0.6%

Property Listings — Bound Brook, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Bound Brook, NJ is 31. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$552,000	10.0%
Listing Count	19	106.0%
Listings as % of Homes	0.2%	106.0%
Days on Market	55	22.0%

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Demographics — Bound Brook, NJ

As of the latest ACS Survey released in 2023, Bound Brook, NJ has a population of 14,200, which has increased by 18.2% over the past 5 years. Bound Brook, NJ is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 32.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,200	18.2%
% Under 18	22.2%	1.8%
% Seniors	14.2%	26.8%
% WFH	9.4%	113.6%
% w/ College Degree	32.6%	44.2%

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As of the latest ACS Survey released in 2023, Bound Brook, NJ is a predominantly hispanic area, with 48.6% of the population identifying as hispanic. The hispanic population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Bound Brook, NJ is white, making up 37.6% of the population. Foreign-born residents account for 32.3% of the population in Bound Brook, NJ, and this percentage has increased by 12.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	37.6%	-16.1%
% Black	8.3%	80.4%
% Hispanic	48.6%	3.6%
% Asian	3.8%	26.7%
% Foreign Born	32.3%	12.5%

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Mortgage and Risk — Bound Brook, NJ

According to HUD data as of 2023, there were 107 mortgage originations in Bound Brook, NJ, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Bound Brook, NJ. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	107
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Bound Brook, NJ

As of 2024, the percent of homes in Bound Brook, NJ under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bound Brook, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	111
Total Units Section 8	111
% Rentals under Section 8	3.9%
% Occupied Section 8	96.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$300	$1,950	$1,650
2 Bedroom	-$330	$2,400	$2,070
3 Bedroom	-$510	$3,000	$2,490
4 Bedroom	-$410	$3,150	$2,740

Bound Brook, NJ—08805

Key Metrics at a Glance

Home Price Trends — Bound Brook, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bound Brook, NJ

% of Rental Stock

Property Listings — Bound Brook, NJ

Demographics — Bound Brook, NJ

Race and Ethnicity

Mortgage and Risk — Bound Brook, NJ

Mortgages

Rentals and Section 8 — Bound Brook, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Bound Brook, NJ

Home Price to Income Ratio

Bound Brook, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

South Bound Brook, NJ

Bridgewater Township, NJ

Middlesex, NJ

Manville, NJ

Dunellen, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$514,000
Median Household Income	$84,200

Bound Brook, NJ—08805

Key Metrics at a Glance

Home Price Trends — Bound Brook, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bound Brook, NJ

% of Rental Stock

Property Listings — Bound Brook, NJ

Demographics — Bound Brook, NJ

Race and Ethnicity

Mortgage and Risk — Bound Brook, NJ

Mortgages

Rentals and Section 8 — Bound Brook, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Bound Brook, NJ

Home Price to Income Ratio

Bound Brook, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

South Bound Brook, NJ

Bridgewater Township, NJ

Middlesex, NJ

Manville, NJ

Dunellen, NJ

Frequently Asked Questions

What is the average home price in Bound Brook, NJ 08805?

How have home prices in Bound Brook, NJ 08805 changed over the past year?

What is the home price projection for Bound Brook, NJ 08805?

What are the demographics of Bound Brook, NJ 08805?

How long does it take homes to sell in Bound Brook, NJ 08805?

What is the average rent price in Bound Brook, NJ 08805?