Home prices
The median home value in Pennington is $564,000. In comparison to its nearby areas it is approximately $153,200 (37%) higher.It is roughly $346,500 (159%) higher compared to the rest of the country, and is approximately $42,000 (6%) lower compared to the city of New York.
Rents
Pennington's median monthly rent is $1,539. In comparison to other places in this area it is roughly $54 (3%) higher.Compared to the rest of the nation it is roughly $477 (44%) higher, and in comparison to the city of New York it is roughly $96 (6%) higher.
Nearby places
Lawrenceville
Lawrenceville is about 2 miles southeast from Pennington. Housing prices there are a lot less expensive. The value of the median home in Lawrenceville is $316,000, which works out to $248,000 (78%) lower than Pennington. Rents there are somewhat more expensive. Lawrenceville's median rent is $1,930 per month, which is $391 (20%) higher than Pennington.
Hopewell
Hopewell is approximately 4 miles north from Pennington. Real estate prices there are a lot less expensive. The median home value in Hopewell is $412,700, which comes out to $151,300 (36%) lower than Pennington. The rent there is pretty similar. In Hopewell the median rent is $1,605 a month, which works out to $66 (4%) higher than Pennington.
Princeton
Princeton is approximately 5 miles east of Pennington. Its real estate prices are a lot more expensive. The cost of the median home in Princeton is $866,200, which works out to $302,200 (34%) higher than Pennington. Its rents are pretty similar. Princeton's median monthly rent is $1,532, which is very similar to Pennington.
Yardley
Yardley is about 6 miles south of Pennington. Housing prices there are significantly less expensive. The median home in Yardley costs $363,300, which is $200,700 (55%) lower than Pennington. Rent there is a bit less expensive. In Yardley the median rent is $1,330 per month, which comes out to $209 (15%) lower than Pennington.
Trenton
Trenton is roughly 7 miles south of Pennington. The housing prices there are a lot less expensive. The median home price in Trenton is $95,800, which is $468,200 (488%) lower than Pennington. Rents there are significantly less expensive. Trenton's median rent is $1,026 per month, which is $513 (50%) lower than Pennington.
