Median real estate price in the Borough Center of Penns Grove is $139,251, which is less expensive than 96.4% of New Jersey neighborhoods and 66.4% of all U.S. neighborhoods.
The average rental price in Penns Grove Borough Center is currently $1,130, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.0% of New Jersey neighborhoods.
Penns Grove Borough Center is an urban neighborhood (based on population density) located in Penns Grove, New Jersey.
Real estate in the Borough Center of Penns Grove, NJ is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Borough Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Penns Grove Borough Center. The current real estate vacancy rate here is 17.8%. This is higher than the rate of vacancies in 81.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.