Pennington, Mercer County, NJ Housing Trends, Rent, Price-to-Rent

Market Summary

Pennington, Mercer County, NJ

Median Home Price Price

$657,635 $657.6K

Median Monthly Rent Rent

$2,499 $2.5K

GRM

22.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Pennington, NJ is $2,499, with MoM change +$19 and YoY change +$140 pointing to positive momentum while volatility is low (std $33).

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Metric

Base market Pennington, NJ

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Delta vs base

Median rent

$2,499

N/A

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Median price

$657,635

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YoY change

+$140

N/A

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Price-to-rent

21.9x

Data unavailable

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