MonitorBankRates
☰
New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Bound Brook, NJ Housing Affordability Index

Bound Brook, New Jersey has an MBR Housing Affordability Index score of 81.6 (Moderately Less Affordable) as of October 30, 2026, ranking 327th most affordable of 455 scored New Jersey cities, compared with 83.4 statewide and 97.4 nationally. On a median-priced $397,100 home with 20% down, the New Jersey average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $2,171, or 29% of the city’s $90,571 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Bound Brook is updated every night from live New Jersey mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Bound Brook MBR-HAI 81.6 Moderately Less Affordable
Rank in New Jersey 327 of 455 1 = most affordable
New Jersey 83.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% New Jersey lenders
Median home value $397,100 U.S. Census Bureau

Bound Brook is 1.9 points below the New Jersey score. Scores as of October 30, 2026. See the New Jersey index

View Bound Brook Mortgage Rates

See What You Can Afford in Bound Brook, New Jersey

Use this Bound Brook, New Jersey home affordability calculator to see how much house you can afford at today’s New Jersey average 30-year mortgage rate of 7.27%. A household earning the Bound Brook median income of $90,571, with no other debts and $79,000 down, can afford a home of about $287,102, compared with a median home value of $397,100. Buying the median priced home with 20% down takes a household income of about $134,000 once property tax and insurance are counted.

Bound Brook median (Census)
Car, student loan, card minimums
Under 20% adds PMI
New Jersey average, 30-year fixed
Bound Brook median bill (Census)
Estimate; use your quote
You can afford a home up to
$287,102
Below the Bound Brook median home value of $397,100
Loan amount$208,102
Principal & interest$1,422/mo
Property tax$572/mo
Home insurance$120/mo
PMI$0/mo
Total monthly payment$2,113/mo
Compare Bound Brook Mortgage Rates

How much house can you afford in Bound Brook?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Bound Brook, property taxes run about 2.39% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,770 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Bound Brook

$2,171/mo
Principal & Interest
Median home, 20% down, 7.27%
$93,000
Income Needed
To keep principal and interest at 28% of income
$90,571
Median Household Income
New Jersey: $103,556
4.4x
Price-to-Income Ratio
New Jersey: 4.4x
$2,087/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$9,496/yr
Median Property Tax
2.39% of median value
32.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
63.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Bound Brook, New Jersey. The rate is the New Jersey average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Bound Brook Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Bound Brook, New Jersey score: 81.6 (Moderately Less Affordable), ranked 327 of 455 New Jersey cities. monitorbankrates.com/housing-affordability-index/new-jersey/bound-brook”