Penns Grove, NJ is a great place to consider when looking for housing. The median value of houses in Penns Grove is $136,900 which is significantly lower than the US median value of $338,100. Additionally, in the last year, house appreciation rates in Penns Grove have been higher than the national average at 15.62%, compared to 8.27% nationally. This combination makes Penns Grove an attractive option for those interested in buying a home or investing in real estate.
The median home cost in Penns Grove is $136,900. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Penns Grove is up 18.1%.
Average Age of Homes
- The median age of Penns Grove real estate is 70 years old
The Rental Market in Penns Grove
- Renters make up 58.1% of the Penns Grove population
- 0.0% of houses and apartments in Penns Grove, 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.