Pennington

Population: 2,798
Median household income: $171,282
Median home value: $608,200

Pennington, a community in Mercer County, New Jersey, has 2,798 residents. At $171,282, its median household income sits above Mercer County's $96,333.

From 2019 to 2023, Pennington's population grew 10.5% from 2,531 to 2,798, while its median home value rose 7.8% from $564,000 to $608,200.

67.4% of homes are single-family detached houses. The typical home was built around 1956.

Demographics

ACS 2019–2023

Population: 2,798
Median age: 49.0 yrs
Median household income: $171,282
Median home value: $608,200
Median gross rent: $1,819
Housing units: 1,268
Homeownership rate: 79.5%
Bachelor's degree or higher: 73.6%
Unemployment rate: 2.5%

Trends

ACS 5-year · 2019–2023

Population

2,5312,798

Median household income

$132,500$171,282

Median home value

$564,000$608,200

Median gross rent

$1,539$1,819

Year	Population	Median household income	Median home value	Median gross rent
2019	2,531	$132,500	$564,000	$1,539
2020	2,553	$135,000	$553,100	$1,633
2021	2,777	$141,250	$541,700	$1,765
2022	2,780	$166,957	$563,000	$1,862
2023	2,798	$171,282	$608,200	$1,819

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.1%

5 to 1716.3%

18 to 244.1%

25 to 348.0%

35 to 4411.2%

45 to 5413.9%

55 to 6416.9%

65 to 7415.1%

75 and over9.3%

	Count	Share
Under 5	143	5.1%
5 to 17	457	16.3%
18 to 24	116	4.1%
25 to 34	224	8.0%
35 to 44	314	11.2%
45 to 54	388	13.9%
55 to 64	473	16.9%
65 to 74	423	15.1%
75 and over	260	9.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,323	83.0%
Black or African American	58	2.1%
American Indian & Alaska Native	0	0.0%
Asian	206	7.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	12	0.4%
Two or more races	36	1.3%
Hispanic or Latino (any race)	163	5.8%

Educational attainment (age 25+)

No high school diploma1.7%

High school graduate12.8%

Some college or associate's11.9%

Bachelor's degree34.1%

Graduate or professional degree39.5%

	Count	Share
No high school diploma	36	1.7%
High school graduate	267	12.8%
Some college or associate's	247	11.9%
Bachelor's degree	709	34.1%
Graduate or professional degree	823	39.5%

Commute to work

Mean travel time to work: 26 min

Drove alone64.4%

Carpooled3.9%

Public transit2.8%

Walked4.0%

Bicycle0.0%

Worked from home23.2%

Other means1.7%

How workers get to work

	Count	Share
Drove alone	959	64.4%
Carpooled	58	3.9%
Public transit	41	2.8%
Walked	60	4.0%
Bicycle	0	0.0%
Worked from home	346	23.2%
Other means	26	1.7%

Travel time

	Count	Share
Under 15 min	272	23.8%
15 to 29 min	530	46.3%
30 to 44 min	167	14.6%
45 to 59 min	81	7.1%
60+ min	94	8.2%

Households

Average household size: 2.31
Poverty rate: 4.5% (125 of 2,761)

	Count	Share
Family households	776	66.4%
Nonfamily households	392	33.6%

Housing

Median year structure built: 1956

Occupancy

	Count	Share
Occupied	1,168	92.1%
Vacant	100	7.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	929	79.5%
Renter-occupied	239	20.5%

1-unit, detached67.4%

1-unit, attached12.3%

2 to 4 units7.7%

5 to 19 units4.1%

20 or more units8.5%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	854	67.4%
1-unit, attached	156	12.3%
2 to 4 units	98	7.7%
5 to 19 units	52	4.1%
20 or more units	108	8.5%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3457600
Type (LSAD): 21
Land area: 0.96 sq mi
Water area: 0 sq mi
Center point: 40.3249, -74.7888