The Most Affordable Neighborhoods in Penny Pot, NJ by Home Value

 

Penny Pot, NJ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Penny Pot area can be challenging. Home prices in Penny Pot are now at a median cost of $227,545, lower than the New Jersey average of $388,929.

The average cost of rent is $1,414/mo in Penny Pot, primarily driven by the current value of real estate in the Penny Pot area. While nearly 24.96% of residents own their homes outright in Penny Pot, 6.99% rent.

Housing affordability isn’t just about home prices, though. The average household income in Penny Pot is $8,335 per month. Households that rent pay about 16.97% of their income on rent here. Penny Pot's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.


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