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2025 Compare Cities Housing:
Pennington, NJ vs Raleigh, NC

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Highlights
- The median age of a home in Pennington is 55.7% older than the median age of a home in Raleigh.
 Pennington, NJRaleigh, NCUnited States
 Median Home Age61  Unlock42
 Median Home Cost  Unlock$427,000$338,100
 Home Appr. Last 12 months18.4%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock70.7%57.0%
 Home Appr. Last 10 yrs.62.6%  Unlock101.1%
 Property Tax Rate  Unlock$8.9$11.0
 Homes Owned69.4%  Unlock57.4%
 Housing Vacant  Unlock9.4%11.2%
 Homes Rented21.6%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Pennington, NJRaleigh, NCUnited States
 Average Rent  Unlock$1,750$1,840
 Studio Apartment$1,460  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,280$1,180
 2 Bedroom Home or Apartment$2,180  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,780$1,860
 4 Bedroom Home or Apartment$2,930  Unlock$2,160
 space1
 Vacant Housing
 Pennington, NJRaleigh, NCUnited States
 Vacant For Rent  Unlock3.3%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.5%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock0.5%3.6%
 Vacant Other7.3%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Pennington, NJRaleigh, NCUnited States
 Less Than $20,000  Unlock1.4%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.6%2.8%
 $60,000 to $79,9992.0%  Unlock3.9%
 $80,000 to $99,999  Unlock0.8%4.5%
 $100,000 to $149,9991.3%  Unlock11.3%
 $150,000 to $199,999  Unlock15.0%13.0%
 $200,000 to $299,99910.6%  Unlock20.1%
 $300,000 to $399,999  Unlock18.3%13.6%
 $400,000 to $499,99912.7%  Unlock8.3%
 $500,000 to $749,999  Unlock10.2%9.7%
 $750,000 to $999,99915.6%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock1.9%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.3%1.1%
 space3
 Housing Units By Year Built
 Pennington, NJRaleigh, NCUnited States
 2015 and Newer1.7%  Unlock0.2%
 2010 to 2014  Unlock23.4%13.6%
 2000 to 20092.8%  Unlock13.6%
 1990 to 1999  Unlock18.5%13.6%
 1980 to 198910.5%  Unlock13.2%
 1970 to 1979  Unlock9.9%14.8%
 1960 to 196917.8%  Unlock13.6%
 1950 to 1959  Unlock4.2%10.0%
 1940 to 19494.4%  Unlock4.7%
 1939 or Earlier  Unlock3.1%12.2%
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Reviews for Pennington    2 Reviews
MyAlias · Pennington, NJ
Very Nice Town
Over 11 years ago

It seems like a very nice town, but we since we just moved in, it's too early to  More

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John · Pennington, NJ
Property Taxes
Over 18 years ago

Cost of property taxes even with the recent reevaluation is making living in Pennington unrealistic. Most of our neighbors are moving 3 miles away to Yardley PA where  More

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Reviews for Raleigh    224 Reviews
Janie · Raleigh, NC
Feels like a town, amenities of a city
Over 2 years ago

I moved to Raleigh in 2018. Before that, I lived in Orange County CA, Boulder CO, South Africa, Northern California, Arizona, and Toronto. I say all this to give  More

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Jaylin · Raleigh, NC
Great for most, but not for..
Over 2 years ago

Excellent for a great many people or categories of people. As far as prices: ratio of wage and job opportunity here with housing remains one of the better ones in the  More

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Kevin · Raleigh, NC
My Blue Heaven
Over 2 years ago

I attended university here in the early 90s and came back around 2005 and never left. I'm surprised at the other negative reviews honestly. Yes, housing is pricey in  More

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Learn More About Pennington, New Jersey
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