Checked
Housing Affordability in Pennington, NJ
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 23.0%
- New Jersey 36.7%
- Renters paying 30%+
- 46.2%
- New Jersey 51.6%
- Homeowners paying 30%+
- 18.7%
- New Jersey 28.6%
- Owner costs with a mortgage
- $3,463/mo
- New Jersey $2,829/mo
Pennington has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more8046.2%
- Homeowners paying 30% or more17618.7%
- Renters paying 50% or more7442.8%
- Median rent as a share of income: 28.2%
- Median owner costs as a share of income, with a mortgage: 18.4%
- Median owner costs without a mortgage: $1,500 or more/mo
- Median home value divided by median household income: 3.5
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Pennington, NJ | 23.0% | 46.2% | 18.7% | 28.2% |
| Mercer County | 34.5% | 50.1% | 25.4% | 30.0% |
| New Jersey | 36.7% | 51.6% | 28.6% | 30.9% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Pennington, NJ?
- In Pennington, NJ, 23.0% of households spend 30% or more of their income on housing costs.
- How does Pennington compare with New Jersey?
- The households paying 30%+ for housing in Pennington is 23.0%, compared with 36.7% for New Jersey as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates