Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Pennington area can be challenging. Home prices in Pennington are now at a median cost of $487,153, higher than the New Jersey average of $388,929.
The average cost of rent is $2,052/mo in Pennington, primarily driven by the current value of real estate in the Pennington area. While nearly 40.99% of residents own their homes outright in Pennington, 16.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pennington is $11,656 per month. Households that rent pay about 17.61% of their income on rent here. Pennington's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Rosedale, NJ: higher priced homes
- Titusville, NJ: equally priced homes
- Hopewell, NJ: equally priced homes
- Marshalls Corner, NJ: less expensive homes
- Woodsville, NJ: equally priced homes
- Washington Crossing, PA: higher priced homes
- Yardley, PA: less expensive homes
- Trenton, NJ: less expensive homes
- Princeton, NJ: higher priced homes
- Mercerville, NJ: less expensive homes
Cities with Similar Populations
- Huntertown, IN: less expensive homes
- Sealy, TX: less expensive homes
- Schiller Park, IL: less expensive homes
- Lansdowne, VA: higher priced homes
- Jupiter Farms, FL: equally priced homes
- Jericho, NY: higher priced homes
- Jefferson Hills, PA: less expensive homes
- Jefferson City, TN: less expensive homes
- Itasca, IL: less expensive homes
- Isanti, MN: less expensive homes
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