Penns Grove borough
New Jersey
If you're seeking a refreshingly affordable haven, Penns Grove, New Jersey, might just be the hidden gem you've been searching for. This close-knit borough, home to just under 5,000 residents, offers a lifestyle that prioritizes value. Imagine owning a home with a median value of just $143,400 – a stark contrast to the national average. This affordability is a major draw, allowing you to stretch your budget further, perhaps even putting more money back in your pocket for enjoying the simple pleasures of life. The vibe here is undeniably friendly, a place where neighbors know each other and community spirit thrives.
From an investment standpoint, Penns Grove presents a compelling case. While the median household income of $29,821 indicates a working-class community, the potential for growth is evident. The housing market offers accessible entry points, making it an attractive option for first-time homebuyers or those looking to expand their real estate portfolio on a budget. This area is particularly well-suited for individuals and families who appreciate a tight-knit community, a slower pace of life, and the opportunity to build equity in an affordable market.
Penns Grove borough, New Jersey at a Glance
Penns Grove borough is a city in New Jersey with a population of approximately 4,841. The median home value is $143,400 and the median household income is $29,821.. The violent crime rate is 0.3 per 1,000 residents, which is 92% below the national average.. Median rent is $1,041 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$143,400
Median Income
$29,821
Population
4,841
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Good
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- Population
- 4,841
- Median Age
- N/A
- Median Household Income
- $29,821
60% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 40.5%
227% above nat'l avg
- Median Home Value
- $143,400
49% below nat'l avg
- Median Rent
- $1,041
10% below nat'l avg
- Homeownership Rate
- 30.2%
54% below nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 0.3 per 1K
92% below nat'l avg
- Property Crime Rate
- 11.0 per 1K
42% below nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 15.5%
319% above nat'l avg
- Poverty Rate
- 40.5%
227% above nat'l avg
Political Landscape
↗ Trending more Republican
Based on Middlesex County county-level presidential election data
Culture & Things to Do in Penns Grove borough
Penns Grove Olde Towne Days
Annual festival featuring crafts, food vendors, and live entertainment.
Riverview Beach Park Summer Concert Series
Free outdoor concerts held throughout the summer months.
Memorial Day Parade
Annual parade honoring veterans and fallen soldiers.
Halloween Parade
A community event with costumes and trick-or-treating.
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