Old Bridge, New Jersey Housing Market Prices
Old Bridge Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 24% below the New Jersey median$268,291
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Median rent 17% below the New Jersey median$1,421
Housing Market Overview
| Metric | Old Bridge | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $268,291 | $352,792 | $248,835 |
| Price Trend (Annual %) | 2.5% | 4.4% | 7.5% |
| Median Gross Rent | $1,421 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Old Bridge is about 24% lower than in New Jersey. Rent is about 17% lower than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Old Bridge, up about 2.5% and 3.2% a year respectively. Rent is changing faster.
Median rent in Old Bridge rose about 32.1% between 2015 and 2024, from $1,076 to $1,421. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Old Bridge.
Buying the median-priced home in Old Bridge costs roughly 15.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Old Bridge. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Old Bridge | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $268,291 | $352,792 | $248,835 |
| Median Household Income | $122,520 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.2 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Old Bridge rose about 2.0%, while median household income rose about 22.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Old Bridge | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.5% | 59.1% | 58.5% |
| Rental Rate | 16.9% | 33.5% | 31.2% |
| Vacancy Rate | 2.7% | 7.5% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Old Bridge has a homeownership rate of 80.5%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 2.7%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Old Bridge | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1969 | 1968 | 1978 |
| Median Number of Rooms | 6.6 | 5.7 | 5.5 |
The typical housing unit in Old Bridge was built around 1969. On average, 2.8 people live in a home with about 6.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Old Bridge, New Jersey.
What is the median home price in Old Bridge, New Jersey?
The median home price in Old Bridge, New Jersey is $268,291, lower than the New Jersey average of $352,792.
What is the average home price in Old Bridge, New Jersey?
The typical home price in Old Bridge, New Jersey, reported as the median sale price, is $268,291. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Old Bridge, New Jersey?
The median gross rent in Old Bridge, New Jersey is $1,421 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Old Bridge in 2020?
In 2020, the median gross rent in Old Bridge, New Jersey was $1,142 per month.
What is the price-to-rent ratio in Old Bridge, New Jersey?
The price-to-rent ratio in Old Bridge, New Jersey is about 15.7, meaning it would take roughly 15.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Old Bridge.
Are home prices or rent rising faster in Old Bridge, New Jersey?
Both home prices and rent are rising in Old Bridge, up about 2.5% and 3.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Old Bridge, New Jersey?
80.5% of households in Old Bridge, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Old Bridge, New Jersey?
The housing vacancy rate in Old Bridge, New Jersey is 2.7%, lower than the New Jersey average of 7.5%.
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