Zip 08534 (Pennington, NJ) Housing

The housing market in 08534 Pennington, NJ is doing incredibly well. The median value of a house is $569,700, which is significantly higher than the US median value of $338,100. Additionally, the US 1 year house appreciation rate is 8.27%, whereas the 1 year appreciation rate for the area of Pennington is 16.62%. This means that prices are increasing at a much faster rate than many other parts of the US, making it an ideal place to purchase property or invest in real estate.

The median home cost in Pennington (zip 08534) is $569,700. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Pennington (zip 08534) is up 18.4%.

Average Age of Homes

- The median age of Pennington (zip 08534) real estate is 31 years old

The Rental Market in Pennington (zip 08534)

- Renters make up 7.4% of the Pennington (zip 08534) population
- 0.0% of houses and apartments in Pennington (zip 08534), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Pennington, New Jersey	United States
	4,898.0	139,647,020.0
	37	42
	$569,700	$338,100
	18.4%	16.6%
	45.9%	57.0%
	62.6%	101.1%
	$27.64	$10.98
	$10,001	$2,690
	78.3%	57.4%
	6.6%	11.2%
	15.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.3%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	4.8%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.0%	2.4%
	0.7%	2.8%
	1.4%	3.9%
	0.7%	4.5%
	0.6%	11.3%
	2.2%	13.0%
	8.2%	20.1%
	20.3%	13.6%
	19.8%	8.3%
	31.6%	9.7%
	10.5%	3.9%
	2.3%	2.2%
	0.1%	0.8%
	1.1%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	9.6%	13.6%
	9.6%	13.6%
	27.6%	13.6%
	13.7%	13.2%
	9.2%	14.8%
	27.6%	13.6%
	14.7%	10.0%
	2.8%	4.7%
	12.9%	12.2%

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