Most Expensive Pennington Neighborhoods
|2||Pebble Creek Ct / Moo...|
Pennington is a very small borough located in the state of New Jersey. With a population of 2,592 people and two constituent neighborhoods, Pennington is the 404th largest community in New Jersey. Much of the housing stock in Pennington was built prior to World War II, making it one of the older and more historic boroughs in the country.
Housing costs in Pennington are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
Pennington is a decidedly white-collar borough, with fully 94.77% of the workforce employed in white-collar jobs, well above the national average. Overall, Pennington is a borough of professionals, managers and sales and office workers. There are especially a lot of people living in Pennington who work in management occupations (19.90%), teaching (15.78%) and sales jobs (14.32%).
Also of interest is that Pennington has more people living here who work in computers and math than 95% of the places in the US.
In addition, Pennington is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Pennington is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Pennington really has some of the features that families look for when choosing a good community to raise children. Is Pennington perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Pennington. 72.92% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Pennington in 2010 was $56,186, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $224,744 for a family of four. However, Pennington contains both very wealthy and poor people as well.
The people who call Pennington home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Pennington residents report their race to be White, followed by Black or African-American. Important ancestries of people in Pennington include German, English, Irish, Italian, Scots-Irish and European.
The most common language spoken in Pennington is English.
|NUMBER OF HOMES AND APARTMENTS||1,031|
|PENNINGTON HOME OWNERSHIP|
|% OWNER OCCUPIED||77.24%|
|% RENTER OCCUPIED||22.76%|
|TYPE OF PENNINGTON HOMES|
|SINGLE FAMILY DETACHED||69.53%|
|ROWHOUSES AND ATTACHED HOMES||12.34%|
|SMALL APARTMENT BUILDINGS||7.52%|
|COMPLEXES OR HIGH RISE APARTMENTS||10.61%|
|SIZE OF PENNINGTON HOMES|
|5 OR MORE BEDROOMS||11.48%|
|AGE OF PENNINGTON HOMES|
|NEWER HOMES (2000 OR LATER)||8.29%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||30.57%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||25.07%|
|HISTORIC (1939 OR BEFORE)||36.07%|
|PENNINGTON REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$473,904|
|MEDIAN RENTAL PRICE||$1,114|
|HOME VALUE RANGE|
|$0 - $45,000||0.76%|
|$45,001 - $91,000||0.00%|
|$91,001 - $181,000||5.03%|
|$181,001 - $272,000||7.04%|
|$272,001 - $362,000||15.98%|
|$362,001 - $453,000||14.09%|
|$453,001 - $679,000||42.64%|
|$679,001 - $906,000||14.09%|
|PEOPLE OF PENNINGTON||DETAILS|
|UNDER 5 YEARS||5.03%|
|5 TO 17||21.35%|
|18 TO 24||4.53%|
|25 TO 34||5.26%|
|35 TO 54||30.75%|
|55 TO 64||15.28%|
|65 YEARS AND OVER||17.79%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.50%|
|MEDIAN HOUSEHOLD INCOME||$106,389|
|PER CAPITA INCOME||$56,186|
|INDIVIDUALS BELOW POVERTY LEVEL||7.19%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (21.53%)
Public Service (9.95%)
Real estate (6.78%)
Information Technology (3.26%)
|BLACK OR AFRICAN AMERICAN||1.82%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.08%|
|SOME OTHER RACE ALONE||0.08%|
|TWO OR MORE RACES||1.01%|
|HISPANIC OR LATINO (OF ANY RACE)||1.43%|
|ETHNICITIES PRESENT||German (18.58%)
|LANGUAGES SPOKEN||English (93.74%)
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Pennington, NJ zip codes
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