We consider the network constraints on the bounds of the assortativity coefficient, which measures the tendency of nodes with the same attribute values to be interconnected. The assortativity coefficient is the Pearson's correlation coefficient of node attribute values across network edges and ranges between -1 and 1. We focus here on the assortativity of binary node attributes and show that properties of the network, such as degree distribution and the number of nodes with each attribute value place constraints upon the attainable values of the assortativity coefficient. We explore the assortativity in three different spaces, that is, ensembles of graph configurations and node-attribute assignments that are valid for a given set of network constraints. We provide means for obtaining bounds on the extremal values of assortativity for each of these spaces. Finally, we demonstrate that under certain conditions the network constraints severely limit the maximum and minimum values of assortativity, which may present issues in how we interpret the assortativity coefficient.