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Bound Brook

Learn about the people, housing, costs and businesses in Bound Brook, New Jersey

Median Home$412,433
Median Rent$1,908/month
Population12,219
Leading IndustriesHealthcare · Transportation · Professional Services17% healthcare
Home Value Growth⬆⬆+19.6% over 2 years
Young Adults32% of residentsabove average nationally
Renters55% of occupied units
NotableTransit89/100 · excellent transit access
NotableAmenity Score77/100 · highly walkable area
Bound Brook
NJ

Frequently Asked Questions

What are today's mortgage rates in Bound Brook?

As of today, the 30-year fixed mortgage rate for Bound Brook is approximately 6.861% (6.896% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bound Brook?

The median home value in Bound Brook is $412k. The median monthly rent is $1,908. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bound Brook?

Home values in Bound Brook have increased 19.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bound Brook?

Based on a typical all-in ownership cost of $2,073/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $89k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bound Brook is $98k/year.

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What industries drive the economy in Bound Brook?

The largest employment sectors in Bound Brook are public administration (18%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.