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Pennington

Pennington

Located in Mercer County

$810,761 Average Value
$278 Average Price per Sq Ft
4 Homes For Sale

A charming village that is frozen in time

Located between the state capital of Trenton and the college town of Princeton, the quiet borough of Pennington is a charming borough frozen in time. Its vintage houses, vibrant downtown area, historic buildings and proximity to nature offer unparalleled serenity at this crossroads of the New York and Philadelphia metro areas. "I started to understand why New Jersey is The Garden State after I moved here," says Kim T. Ha, the director of Pennington Library. "There are so many roots to history and local farms that date back to the colonial period. Some family lines in town even span over six generations and date back to the 1800s." Impressive schools, a low crime score and community pride add to the desirability of the small area. However, even though it's slowly growing, the borough remains a close-knit one. Ha mentions, "Everyone knows everyone. There are close relationships between neighbors."

Cherry blossoms accent most homes in downtown Pennington, adding to its charming feel.
Cherry blossoms accent most homes in downtown Pennington, adding to its charming feel.
Homes in the Pennington area were built over 150 years ago.
Homes in the Pennington area were built over 150 years ago.
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Walking trails and nature preserves

The athletic fields at Timberlane have baseball diamonds, soccer fields, tennis courts, a full-size track and a football field for those who want to work on their sport of choice. Still, Pennington residents are more likely to be found out for a walk. Nature lovers enjoy walking the Pennington Loop Nature Trail, which stretches from Kunkel Park to the Baldwin State Wildlife Management Area and includes cliffside views of Stony Brook. To the east of town, the Curlis Lake Woods contains miles of trails popular for horseback riding, partly due to the nearby Mercer Meadows Equestrian Center, which gives horseback riding lessons to learners of all ages.

Kunkel Park hosts a basketball court, playground, and the Pennington Loop Nature Trail head.
Kunkel Park hosts a basketball court, playground, and the Pennington Loop Nature Trail head.
Residents can get lost in nature at Curlis Lake Woods near Pennington.
Residents can get lost in nature at Curlis Lake Woods near Pennington.
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Homes from over 150 years ago

Outside of the downtown area, houses are sparse. Still, growing developments of tightly-packed homes are making space for an influx of people. "During the pandemic, many families and professionals moved to the area to get out of the city and work from home," Ha says. Small bungalows and ranches between stretches of fields sell for as low as $300,000, but the borough's large colonial homes and original farmhouses set it apart. Ha says, "Many homes and buildings here are historic and can't be renovated in certain ways to preserve the history." The further from the downtown area, the less common sidewalks are. However, residents have plenty of space to stretch their legs since some opulent homes that reach upwards of $1.5 million sit on multiple acres and feature inground pools. Townhouses and condos are available, ranging between $100,000 and $650,000.

Homes in the Pennington area were built over 150 years ago.
Homes in the Pennington area were built over 150 years ago.
Historic Victorian homes of Pennington are located in the downtown area.
Historic Victorian homes of Pennington are located in the downtown area.
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Only the best for students of Pennington

Pennington's students attend Hopewell Valley Regional School District and can begin learning at Bear Tavern Elementary, rated an A-minus by Niche. Timberlane Middle School is rated an A-minus and backs up to an impressive athletics field complex. Hopewell Valley Central High School is in Pennington and is rated an A-plus. It has a competitive sports program, a college prep program, and a wide range of extracurriculars for students to join.

Pennington’s students attend the Hopewell Valley Regional School District.
Pennington’s students attend the Hopewell Valley Regional School District.
The Pennington School was founded in 1838 and ranks among the best in the country.
The Pennington School was founded in 1838 and ranks among the best in the country.
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A drive to retail centers

Taking advantage of the wide-open spaces in the neighborhood is Hopewell Valley Vineyards, where locals can sip on a selection of rotating wines and listen to live music on the large sun-filled patio. Deli On a Bagel is the best spot in town to get a breakfast sandwich. Counter service with freshly baked bagels and sliced-to-order deli meats fuel customers before they head to the small Pennington Center shopping plaza for grocery trips and errands. Part of Pennington's charm is that it's separate from the noise of larger cities, so while residents must drive towards Trenton for familiar retail stores, they are okay with it as it keeps their neighborhood remote.

The Pennington Shopping Center offers Pennington Market as well as many other shops.
The Pennington Shopping Center offers Pennington Market as well as many other shops.
Deli on a Bagel has the best breakfast sandwiches in Pennington.
Deli on a Bagel has the best breakfast sandwiches in Pennington.
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Commuter friendly options

Perfectly placed right above the border of Pennsylvania, Pennington is great for commuters. "I love it here. It's very close to both Philly and NYC," Ha says. Commuters have bus access to the transportation hub of Trenton, from which trains carry travelers to Philadelphia and New York City. Drivers can typically access New York within a 1.5-hour drive, while Philadelphia is just a 45-minute drive down Interstate 295. Capital Health Medical Center of Hopewell is close, and Trenton-Mercer Airport is just beyond the southern border.

Princeton Junction Train Station is crucial for residents who need to commute for work.
Princeton Junction Train Station is crucial for residents who need to commute for work.
Pennington is located between the state capitol of Trenton and Princeton.
Pennington is located between the state capitol of Trenton and Princeton.
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Heather Haggerty
Written By
Heather Haggerty
GL Moses
Video By
GL Moses

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Pennington Housing Trends

Housing Trends

Median List Price
$727,500
Median Sale Price
$630,000
Median Single Family Sale Price
$727,500
Median Townhouse Sale Price
$728,090
Median Change From 1st List Price
0%
Last 12 months Home Sales
46
Median Home Sale Price YoY Change
-2%
Average Price Per Sq Ft
$278

Neighborhood Facts

Number of Homes in Neighborhood
1,971
Number of Homes for Sale
4
Median Year Built
1988
Months of Supply
1.00
Average Single Family Home Size Sq Ft
2,440
Above the national average
1,924
Average Townhouse Size Sq Ft
2,209
Average 2 Bedroom Size Sq Ft
1,310
Average 1 Bedroom Size Sq Ft
794
Median Lot Size Sq Ft
26,571

Open Houses

  • 325 Watkins Rd, Pennington, NJ 08534

    $665,000

    • 3 Beds
    • 2.5 Baths
    • 2,186 Sq Ft
    • 325 Watkins Rd
    • New 4 days ago

    Pride of ownership shines throughout this beautifully updated 3-bedroom, 2.5-bath townhome in the sought-after Twin Pines community. Featuring hardwood floors on both the main and upper levels, this home offers comfortable and stylish living just 10 minutes from downtown Princeton.Step into a welcoming foyer, accessible from both the front entry and the two-car garage. To the left, the

    Susan Thompson Corcoran Sawyer Smith

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  • 122 Ada Hightower Ave, Pennington, NJ 08534

    $749,900

    • 3 Beds
    • 3.5 Baths
    • 2,453 Sq Ft
    • 122 Ada Hightower Ave
    • New 5 days ago

    Experience Luxury living in this Modern Townhome within the Collection at Hopewell community. With approx 2500 square feet of living space across three stories, the open-concept design ensures versatility. First floor encompasses a Two-car Garage, full Bathroom, and Recreational area. Second floor's open-concept layout is tailored for Entertainment, featuring a Chef's Kitchen with high-end

    Aruna Mota Keller Williams Real Estate - Princeton

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  • 1 Michael Way, Pennington, NJ 08534

    $1,290,000

    • 4 Beds
    • 3.5 Baths
    • 1 Michael Way
    • New 5 days ago

    A big wraparound deck, complete with retractable awning, basks the beauty of majestic trees and bountiful garden beds behind this one-of-a-kind home, where timeless warmth and modern functionality blend seamlessly. While the fenced lot is merely a mile from popular Borough establishments and daily conveniences, the lush privacy and peaceful quietude is exceptional. Rooms within are large and

    Rachel Lee Callaway Henderson Sotheby's Int'l-Princeton

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Pennington Has More Owners

Demographics

Total Population
2,762
Median Age
47
Population under 18
24.1%
On par with the national average
23.8%
Population over 65
24.4%
Above the national average
19.1%

Finances

Median Household Income
$145,088
Significantly above the national average
$71,702
Average Household Income
$165,222

Education and Workforce

High School Graduates
98.4%
College Graduates
77.9%
Significantly above the national average
34.1%
Advanced Degrees
43.7%
Significantly above the national average
13.3%
% Population in Labor Force
68.3%

Weather

Annual Precipitation
46''
Average Winter Low Temperature
25°F
Average Summer High Temperature
86°F
Annual Snowfall
14''

Area Factors

Somewhat Bikeable

Bike Score®®

38 / 100

Car-Dependent

Walk Score®®

39 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Pennington