Pennington, NJ Real Estate

According to census data in the year 2000 there were 1,040 housing units in Pennington. This represents a 9.8% growth from 947 in 1990.

Of those housing units, 1,040 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Pennington is about 84.9%. Pennington's vacancy rate, including seasonal lodging, is about 2.6%. Average household size is 2.66 people.

The majority of houses, apartments or condos in Pennington were built after 1953.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom6.50%
Two Bedrooms19.90%
Three Bedrooms38.30%
Four Bedrooms27.20%
Five Bedrooms or more7.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1956
Median Value of occupied units$283,800
Median Price asked for vacant units$225,000

Rented Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.30%
Home Equity Loan15.70%
Simple Mortgage47.80%
Debt Free29.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.7%