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Affordable
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These days, finding an affordable place to live in the Penton area can be challenging. Home prices in Penton are now at a median cost of $233,950, lower than the New Jersey average of $496,577.
The average cost of rent is $1,290/mo in Penton, primarily driven by the current value of real estate in the Penton area. In Penton, 20.42% of households rent, and 58.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penton is $7,592 per month. Households that rent pay about 16.99% of their income on rent here. Penton’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Quinton, NJ: equally priced homes
- Salem, NJ: less expensive homes
- Pointers, NJ: higher priced homes
- Alloway, NJ: higher priced homes
- Portertown, NJ: higher priced homes
- Woodmere, NJ: equally priced homes
- Marshalltown, NJ: higher priced homes
- Sinnickson Landing, NJ: equally priced homes
- Sharptown, NJ: higher priced homes
- Hancocks Bridge, NJ: less expensive homes
Cities with Similar Populations
- Shafer Location, MI: less expensive homes
- Mantua, AL: less expensive homes
- Marion, OR: higher priced homes
- Markton, WI: less expensive homes
- Seger, PA: less expensive homes
- Seneca, SD: less expensive homes
- Seney, MI: less expensive homes
- Seven Pines, WV: less expensive homes
- Seven Sisters, TX: less expensive homes
- Sexton, TX: less expensive homes
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