Pennington Real Estate Market Conditions

  • Median sales price

    $527,000
    0.81% change since last quarter
  • # Active listings

    60
    30-day change

Pennington Schools and Demographics

Education near Pennington, NJ

City County
High School Graduates 94.95 87.86
College Degree - 2 year 4.21 5.62
College Degree - 4 year 70.92 41.48
Graduate Degree 24.59 13.5
Expenditures per Student 21,898 20,014
Students per Teacher 11.1 11.4

Elementary Schools near Pennington, NJ

Grades Students P/T Ratio ZIP
Bear Tavern Elementary School PK - 05 392 11.2 08560
Francis Lore Elementary School PK - 05 552 12.7 08628
Hopewell Elementary School PK - 05 419 10.8 08525
Stony Brook Elementary School KG - 05 435 10.7 08534
Toll Gate Grammar School KG - 05 289 9.4 08534

Middle Schools near Pennington, NJ

Grades Students P/T Ratio ZIP
Timberlane Middle School 06 - 08 852 10.3 08534

High Schools near Pennington, NJ

Grades Students P/T Ratio ZIP
Hopewell Valley Central High School 09 - 12 1,249 12 08534

Ungraded Schools near Pennington, NJ

Grades Students P/T Ratio ZIP
* MCVS Arthur R. Sypek Center 09 - 12 3 0.1 08534
* Youthbuild Camden 09 - 12 36 08625
Ann Klein Forensic Center 10 - 10 0 08625
Isles Community Car UG - UG 13 08625
Marie H. Katzenbach School for the Deaf UG - UG 0 08628

Demographics near Pennington, NJ

City County
Neighborhood Type Suburban
Population 2,591 373,362
Population Density 2,696 1,664
Median Age 46.4 38.6
People per Household 2.6 2.8
Median Household Income 121,667 77,027
Average Income per Capita 67,007 40,064

Pennington Real Estate

The median home value in Pennington, NJ is $527,000. This is higher than the county median home value of $243,600. The national median home value is $219,700. The average price of homes sold in Pennington, NJ is $527,000. Approximately 71.83% of Pennington homes are owned, compared to 24.01% rented, while 4.16% are vacant. Pennington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pennington real estate agent to arrange a tour today!

Pennington, New Jersey has a population of 2,591. Pennington is more family-centric than the surrounding county with 38.35% of the households containing married families with children. The county average for households married with children is 33.48%.

The median household income in Pennington, New Jersey is $121,667. The median household income for the surrounding county is $77,027 compared to the national median of $57,652. The median age of people living in Pennington is 46.4 years.

Pennington Weather

The average high temperature in July is 85.5 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 48 inches per year, with 22.2 inches of snow per year.