Pennington, NJ Real Estate
According to census data in the year 2000 there were 1,040 housing units in Pennington.
This represents a 9.8% growth from 947 in 1990.
Of those housing units, 1,040 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Pennington is about 84.9%.
Pennington's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Pennington were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 6.50% |
| Two Bedrooms | 19.90% |
| Three Bedrooms | 38.30% |
| Four Bedrooms | 27.20% |
| Five Bedrooms or more | 7.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $283,800 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 15.70% |
| Simple Mortgage | 47.80% |
| Debt Free | 29.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.7% |
