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These days, finding an affordable place to live in the Pennsauken area can be challenging. Home prices in Pennsauken are now at a median cost of $248,742, lower than the New Jersey average of $496,577.
The average cost of rent is $1,416/mo in Pennsauken, primarily driven by the current value of real estate in the Pennsauken area. In Pennsauken, 24.39% of households rent, and 30.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pennsauken is $7,023 per month. Households that rent pay about 20.17% of their income on rent here. Pennsauken’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Merchantville, NJ: equally priced homes
- Golden Triangle, NJ: higher priced homes
- Camden, NJ: less expensive homes
- Collingswood, NJ: higher priced homes
- Cherry Hill Mall, NJ: higher priced homes
- Woodlynne, NJ: less expensive homes
- Palmyra, NJ: equally priced homes
- Maple Shade, NJ: less expensive homes
- Oaklyn, NJ: higher priced homes
- Riverton, NJ: higher priced homes
Cities with Similar Populations
- Roscoe, IL: equally priced homes
- Groton, CT: higher priced homes
- Guilford, CT: higher priced homes
- Hanahan, SC: higher priced homes
- Hannibal, MO: less expensive homes
- Harrison, OH: higher priced homes
- Hatfield, PA: higher priced homes
- Haughton, LA: less expensive homes
- Havre de Grace, MD: higher priced homes
- Hawthorne, NJ: higher priced homes
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