Penns Grove, NJ Real Estate
According to census data in the year 2000 there were 2,066 housing units in Penns Grove.
This represents a 3.4% decline from 2,138 in 1990.
Of those housing units, 2,066 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Penns Grove is about 47.5%.
Penns Grove's vacancy rate, including seasonal lodging, is about 11.6%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Penns Grove were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 19.30% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $72,900 |
| Median Price asked for vacant units | $67,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $506 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 46.90% |
| Debt Free | 40.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22% |
