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Bound Brook, NJ Real Estate


According to census data in the year 2000 there were 3,817 housing units in Bound Brook. This represents a 0.2% decline from 3,823 in 1990.

Of those housing units, 3,817 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Bound Brook is about 52.4%. Bound Brook's vacancy rate, including seasonal lodging, is about 5%. Average household size is 2.81 people.

The majority of houses, apartments or condos in Bound Brook were built after 1949.

Statistics

Housing Size

Housing Units by Size
Studio Type2%
One Bedroom21%
Two Bedrooms30.70%
Three Bedrooms31%
Four Bedrooms10.90%
Five Bedrooms or more4.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1948
Median Value of occupied units$157,600
Median Price asked for vacant units$168,800

Rented Homes, Apartments and Condos

Average Household Size2.91
Median year structure was built1950
Median Monthly Rent asked for vacant units$764

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage9%
Home Equity Loan5.50%
Simple Mortgage49%
Debt Free36.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs22.9%