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.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom19.30%
Two Bedrooms32.70%
Three Bedrooms33.40%
Four Bedrooms11.40%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1941
Median Value of occupied units$72,900
Median Price asked for vacant units$67,100

Rented Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1962
Median Monthly Rent asked for vacant units$506

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.30%
Home Equity Loan6.10%
Simple Mortgage46.90%
Debt Free40.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22%