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 $252,440, lower than the New Jersey average of $496,577.

The average cost of rent is $1,643/mo in Penny Pot, primarily driven by the current value of real estate in the Penny Pot area. In Penny Pot, 10.07% of households rent, and 28.07% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Penny Pot is $7,112 per month. Households that rent pay about 23.10% of their income on rent here. Penny Pot’s most expensive areas are in the eastern 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.


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