Median price for residential in as of Jul, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
18 Bound Brook, NJ 08805, USA apartments for sale
Bound Brook
According to statistics, the population in Bound Brook, NJ amounts to 10,510, which shows decline 0% compared to the previous year. The median age of the city’s residents is 35. The average household income is $65,199, shifting decline -2% from the past year, and the average property value in Bound Brook, NJ decline -2% to $270,900 throughout the year.
| Population | 10,510 |
| Median Age | 35.1 |
| Poverty Rate | 7% |
| Household Income | $65,199 |
| Number Of Employees | 5,933 |
| Median Property Value | $270,900 |
Household Income
The average household income in Bound Brook, NJ declined from $66,300 to $65,199 in the past year. This data is an estimate based upon 3,651 households in Bound Brook, NJ . The chart below presents how household income is distributed in Bound Brook, NJ in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Bound Brook, NJ shifted from $275,700 to $270,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bound Brook, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bound Brook, NJ properties falls in the '$250,000 to $299,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bound Brook, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Bound Brook, NJ equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Bound Brook, NJ 08805, USA
Average sale in Bound Brook: $387,621 (+4.3%)
| Apartment Size | Jul | vs Last Month |
|---|---|---|
| Studio for sale | $399,900 | N/A |
| 2 bed for sale | $309,900 | +17% |
| 3 bed for sale | $331,400 | -4.4% |
| 4+ bed for sale | $456,245 | -7.7% |
During Jul 2022, the average price for an apartment in/near Bound Brook, NJ increased by 4.3% to $387,621.
Asking price for 2-bed apartment also increased by 17% and a place of this size will now cost you $309,900. A 3-bed apartment goes for $331,400, it decreased by 4.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 7.7% and made it down to $456,245.
| Listing Type | Jul | vs Last Month |
|---|---|---|
| Duplexes for sale | $399,900 | N/A |
| Houses for sale | $398,062 | +7.6% |
| Townhouses for sale | $368,478 | N/A |
Price reports demonstrate that house price increased by 7.6% this month making it up to $398,062. An average value of duplex is $399,900, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $368,478.