Construction Value
$7.7M ▼ 46.6%
Units Permitted
63 ▼ 47.5%
Avg Value / Unit
$123K
2024 · Census Bureau Building Permits Survey
Construction activity in Bound Brook slowed in 2024, down 47.5% from the prior year with 63 housing units permitted. At $123K per unit, new builds are 57% below the Somerset County average of $289K, indicating more affordable construction. Volume is still modest compared to neighboring towns (24% fewer units than the county average of 83), but the investment per project is strong. 87.3% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
A mix of single-family and multi-unit development.
Construction Intensityi
$646
per resident
County avg: $16K-96%
$4.7M
per square mile
Bound Brook vs. Somerset County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 8 | 8 | $1.6M | 21% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 55 | 4 | $6.1M | 79% |
County Ranking by Construction Volume
Among 18 permit-issuing towns in Somerset County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →