All Countries
Pennington, NJ
Full City Profile · New Jersey · Mercer County County
4.3
/5.0
A
Great
2,798
Population
2,915/sq mi density
$171,282
Median Income
$88,350 per capita
$608,200
Home Value
$659,773 Zillow
$1,819
Median Rent
25.4% income on rent
54°F
Avg Temperature
275 sunny days/yr
A
Overall
4.3 / 5.0
Strong
A+
Economy
5.0 / 5.0
$171,282 median income, 1.7% unemployment
A+
Affordability
4.7 / 5.0
$608,200 home value, $1,819/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
73.6% bachelor's degree or higher
Housing Overview
Median Home Value
$608,200
116% above
US avg: $281,900
Median Rent
$1,819/mo
56% above
US avg: $1,163/mo
Homeownership Rate
79.5%
22% above US avg (65.4%)
Total Housing Units
1,252
Median year built: 1958
Home Value by Source
Census Median
$608,200
Zillow (ZHVI)
$659,773
Median Sale Price
$460,000
Median List Price
$849,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.5%
Owner-Occupied
20.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,819/mo
· Zillow rent:
$2,578/mo
Market Indicators (Redfin)
Median Days on Market
48 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
20.0%
of listings with price reduction
Price Per Sq Ft
$388
Active Inventory
5
homes for sale
Affordability & Housing Stock
Rent Burden
25.4%
of renters spending 30%+ of income on housing
18% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
79.5%
Complete Housing Data
Home Values
| Census Median Value | $608,200 |
| Zillow Home Value (ZHVI) | $659,773 |
| Median Sale Price | $460,000 |
| Median List Price | $849,000 |
| Price Per Sq Ft | $388 |
Rent
| Census Median Rent | $1,819 |
| Zillow Rent (ZORI) | $2,578 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 48 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.0% |
| Homes Sold | 3 |
| Active Inventory | 5 |
| Price Per Sq Ft | $388 |
Ownership & Stock
| Owner-Occupied | 79.5% |
| Renter-Occupied | 20.5% |
| Homeownership Rate | 79.5% |
| Total Housing Units | 1,252 |
| Median Year Built | 1958 |
| Rent Burden | 25.4% |