Bound Brook, NJ—08805
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bound Brook, NJ
As of Oct '25, the median home price in Bound Brook, NJ is $519,000, with a year-over-year change of 1.5%. This indicates that home prices in Bound Brook, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $519,000 | 1.5% |
| Single Family | $527,000 | 0.6% |
| Condos | $342,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $350,000 | 2.0% |
3 Bed | $511,000 | 1.6% |
4 Bed | $609,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Bound Brook, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Bound Brook, NJ is 46. This is a increase of 3.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $567,000 | 0.0% |
Listing Count | 22 | 73.0% |
| Listings as % of Homes | 0.2% | 73.0% |
Days on Market | 46 | 3.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Bound Brook, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $519,000 |
| Median Household Income | $84,200 |