South Bound Brook, NJ is a great place to invest in housing due to its relatively high median value of $369,500 compared to the U.S. Median Value of $338,100. In addition, its 1-year house appreciation rate is 10.79%, which is higher than the U.S. average of 8.27%. Investing in South Bound Brook real estate will likely yield positive return on investment for potential homeowners and investors alike in the long term.
The median home cost in South Bound Brook is $369,500. Home appreciation the last 10 years has been 60.4%. Home Appreciation in South Bound Brook is up 15.1%.
Average Age of Homes
- The median age of South Bound Brook real estate is 54 years old
The Rental Market in South Bound Brook
- Renters make up 31.3% of the South Bound Brook population
- 1.4% of houses and apartments in South 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.