The housing market in Pennington, NJ is incredibly strong with a median value of $575,600, significantly higher than the US median value of $338,100. This trend has been growing over the past year with an appreciation rate of 16.62%, compared to the national average of 8.27%. These statistics clearly demonstrate the demand for housing in Pennington and show that it is an attractive option for those seeking a home in the area. With its rising values and increasing popularity, Pennington is quickly becoming one of the most desirable areas to live in New Jersey.
The median home cost in Pennington is $575,600. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Pennington is up 18.4%.
Average Age of Homes
- The median age of Pennington real estate is 57 years old
The Rental Market in Pennington
- Renters make up 18.6% of the Pennington population
- 0.0% of houses and apartments in Pennington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.