Bound Brook, NJ is a great place to live with its median house value being $386,400. This is higher than the US median house value of $338,100. In addition, the appreciation rate for Bound Brook homes have been very strong in the past year at 10.79%, compared to 8.27% nationally. This shows that housing in Bound Brook is not only more expensive than most locations, but also increasing in value faster. With its robust housing market and desirable location, it's no wonder why people are drawn to this area.
The median home cost in Bound Brook is $386,400. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Bound Brook is up 15.1%.
Average Age of Homes
- The median age of Bound Brook real estate is 66 years old
The Rental Market in Bound Brook
- Renters make up 38.7% of the Bound Brook population
- 1.9% of houses and apartments in Bound Brook, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.