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Pennington borough, NJ

ZIP 08534 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08534

Median Home Value
$573,100
Median Rent
$1,790
Affordability Snapshot
$158,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,681/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

26.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08534 in Pennington borough, NJ, a household would need roughly $158,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,681. That sits below the local median household income ($180,491), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
85.6%+31% vs US avg
x
Vacancy Rate
4.9%-52% vs US avg
x
Broadband Access
97.2%+12% vs US avg
x
4+ Bedrooms
10.5%-29% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
15.6%-69% vs US avg
x
Mortgage-Free
38.3%+0% vs US avg
x
$573,100
Home Value
$1,790
Rent
1982
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.4%
  • 1-unit attached12.9%
  • 2-9 units4.4%
  • 10+ units6.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$573,100
Median rent$1,790
Owner-occupied85.6%
Vacant4.9%
Price-to-income3.2x
Est. income to buy$158,000