The housing market in 08880 South Bound Brook, NJ is doing quite well. According to recent statistics, the median value of a house in this area is $345,900, which is higher than the US median value of $338,100. Furthermore, in the past year alone, homes have appreciated by 10.79%, higher than the national average of 8.27%. This indicates that those looking to invest in real estate in 08880 South Bound Brook, NJ would be wise to do so as they can expect good returns from their investments.
The median home cost in South Bound Brook (zip 08880) is $345,900. Home appreciation the last 10 years has been 60.4%. Home Appreciation in South Bound Brook (zip 08880) is up 15.1%.
Average Age of Homes
- The median age of South Bound Brook (zip 08880) real estate is 54 years old
The Rental Market in South Bound Brook (zip 08880)
- Renters make up 31.3% of the South Bound Brook (zip 08880) population
- 1.4% of houses and apartments in South Bound Brook (zip 08880), 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.