The Most Affordable Neighborhoods in Pennington-Prospect, Trenton, NJ by Home Value

 

Pennington-Prospect, Trenton, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Pennington-Prospect area can be challenging. Home prices in Pennington-Prospect are now at a median cost of $160,394, lower than the Trenton average of $274,140.

The average cost of rent is $511/mo in Pennington-Prospect, primarily driven by the current value of real estate in the Pennington-Prospect area. In Pennington-Prospect, 82.67% of households rent, and 68.33% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Pennington-Prospect is $1,902 per month. Households that rent pay about 26.86% of their income on rent here. Pennington-Prospect’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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