What is the rental vacancy rate in Bound Brook Borough, NJ?
The rental vacancy rate in Bound Brook Borough, NJ is 0.0% (±1.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.3% (±0.4 points).
102 (±76) homes, 2.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Bound Brook Borough, the rental vacancy rate went from 7.5% in 2015–2019 to 0.0% in 2020–2024 (−7.5 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 0.0% (±1.8 points)
- Homeowner vacancy rate
- 0.3% (±0.4 points)
- Vacant homes
- 102 (±76)
Vacancy in Bound Brook Borough against Somerset County, its state and the nation
| Bound Brook Borough | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 0.0% (±1.8 points) | 2.0% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.3% (±0.4 points) | 0.3% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 102 (±76) | 2,837 (±431) | 283,653 (±4,943) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Bound Brook Borough, the rental vacancy rate is lower than in Somerset County (2.0%).
It is also lower than in New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Bound Brook Borough
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Bound Brook Borough | — | 0.0% (±1.8 points) | — |
| South Bound Brook Borough | 1.1 mi | 0.0% (±5.8 points) | Not measurably different |
| Finderne | 2.0 mi | 7.4% (±11.1 points) | Not measurably different |
| Middlesex Borough | 2.1 mi | 4.6% (±6.7 points) | Not measurably different |
| Franklin Center | 2.5 mi | 0.0% (±6.4 points) | Not measurably different |
| Martinsville | 3.2 mi | 18.2% (±24.7 points) | Not measurably different |
| Manville Borough | 3.3 mi | 10.1% (±8.6 points) | Higher |
| Weston | 3.7 mi | 0.0% (±78.0 points) | Not measurably different |
| Somerville Borough | 3.7 mi | 1.3% (±1.9 points) | Not measurably different |
Nearby places with a measurably higher figure: Manville Borough, NJ (10.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Somerset County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 7 | North Plainfield Borough | 1.8% (±2.0 points) |
| 8 (tie) | Bernards Township | 1.4% (±1.5 points) |
| 8 (tie) | Raritan Borough | 1.4% (±2.2 points) |
| 10 | Somerville Borough | 1.3% (±1.9 points) |
| 11 | Bedminster Township | 0.7% (±1.0 points) |
| 12 | Franklin Township (Somerset County) | 0.5% (±0.6 points) |
| 13 (tie) | Bound Brook Borough | 0.0% (±1.8 points) |
| 13 (tie) | Branchburg Township | 0.0% (±4.6 points) |
| 13 (tie) | Hillsborough Township | 0.0% (±1.3 points) |
| 13 (tie) | Millstone Borough | 0.0% (±74.4 points) |
| 13 (tie) | Montgomery Township | 0.0% (±3.4 points) |
| 13 (tie) | Peapack and Gladstone Borough | 0.0% (±20.5 points) |
| 13 (tie) | Rocky Hill Borough | 0.0% (±40.3 points) |
Showing 13 of 21 places in Somerset County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Bound Brook Borough
Is it hard to find a rental in Bound Brook Borough?
The rental vacancy rate in Bound Brook Borough, NJ is 0.0% (±1.8 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Bound Brook Borough tighter than it was?
In Bound Brook Borough, the rental vacancy rate went from 7.5% in 2015–2019 to 0.0% in 2020–2024 (−7.5 percentage points), a measurable decrease.
How many homes are vacant in Bound Brook Borough?
An estimated 102 (±76) housing units, 2.2% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bound Brook borough, Somerset County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Bound Brook borough, Somerset County, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Bound Brook borough, Somerset County, New Jersey (county subdivision:06790, in state:34 county:035).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Bound Brook Borough
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- New Jersey landlord and tenant rules
- Housing across Somerset County
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- Housing data for every place in New Jersey