Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Penns Grove area can be challenging. Home prices in Penns Grove are now at a median cost of $148,388, lower than the New Jersey average of $388,929.
The average cost of rent is $982/mo in Penns Grove, primarily driven by the current value of real estate in the Penns Grove area. While nearly 44.18% of residents own their homes outright in Penns Grove, 52.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penns Grove is $3,563 per month. Households that rent pay about 27.55% of their income on rent here. Penns Grove's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Carneys Point, NJ: equally priced homes
- Golf Manor, NJ: equally priced homes
- Pedricktown, NJ: higher priced homes
- Deepwater, NJ: higher priced homes
- Edgemoor, DE: higher priced homes
- Bellefonte, DE: higher priced homes
- Nortonville, NJ: higher priced homes
- Claymont, DE: higher priced homes
- Ardentown, DE: higher priced homes
- Marshalltown, NJ: higher priced homes
Cities with Similar Populations
- Sayre, OK: less expensive homes
- Frankfort, NY: less expensive homes
- Friendsville, TN: higher priced homes
- Glen Rock, PA: higher priced homes
- Glenn Dale, MD: higher priced homes
- Running Springs, CA: higher priced homes
- Salmon, ID: higher priced homes
- Sandia Park, NM: higher priced homes
- Sandown, NH: higher priced homes
- Santa Ynez, CA: higher priced homes
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