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Housing Affordability in Bound Brook, NJ

Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.

Households paying 30%+ for housing
49.1%
New Jersey 36.7%
Renters paying 30%+
65.4%
New Jersey 51.6%
Homeowners paying 30%+
29.5%
New Jersey 28.6%
Owner costs with a mortgage
$2,692/mo
New Jersey $2,829/mo

Housing costs compared with income

  • Renters paying 30% or more1,61765.4%
  • Homeowners paying 30% or more60829.5%
  • Renters paying 50% or more1,00040.5%
  • Median rent as a share of income: 42.8%
  • Median owner costs as a share of income, with a mortgage: 22.9%
  • Median owner costs without a mortgage: $1,110/mo
  • Median home value divided by median household income: 4.4

How it compares

Swipe the table sideways to see more columns.

AreaHouseholds paying 30%+ for housingRenters 30%+Owners 30%+Median rent as % of income
Bound Brook, NJ49.1%65.4%29.5%42.8%
Somerset County29.6%49.0%23.1%29.6%
New Jersey36.7%51.6%28.6%30.9%
United States32.2%51.1%22.7%30.6%

Frequently asked questions

What is the housing cost burden in Bound Brook, NJ?
In Bound Brook, NJ, 49.1% of households spend 30% or more of their income on housing costs.
How does Bound Brook compare with New Jersey?
The households paying 30%+ for housing in Bound Brook is 49.1%, compared with 36.7% for New Jersey as a whole.

Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates