Area data
Pennington, NJ — ZIP 08534
Population: 13,272 (Census ACS)
The median home value in ZIP 08534 (Pennington, NJ) is $689,490 — up 1.4% over the past year. Homes sell for a median $395,000 after a median 291 days on market. Typical rent runs $3,055/month. 7 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with icestorm, strongwind, winterweather the top-rated hazards. Cost of living is 12.5% above the US average (BEA, metro/state-level).
$689,490
Median home value
+1.4%
1-year change
291
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $689,490
- 1-year appreciation
- +1.4%
- 3-year appreciation
- +10.4%
- 5-year appreciation
- +31.7%
- 10-year appreciation
- +51.8%
- All-time peak (2026-04)
- $692,465
- House Price Index (state)
- 430.8 (+5.2% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $395,000
- Median list price
- $507,965
- Median price per sqft
- $329
- 1-year sale-price change
- +101.5%
- Median days on market
- 291 days
- Homes sold (recent period)
- 5
- For-sale inventory
- 63
- Sale-to-list ratio
- 97.4%
- Active listings
- 9
- 1-year forecast
- +2.3%
- Days to pending
- 31 days
- New listings (monthly)
- 24
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $3,055/mo
- 1-year rent change
- +3.2%
- Studio fair-market rent
- $1,385/mo
- 1BR fair-market rent
- $1,731/mo
- 2BR fair-market rent
- $2,099/mo
- 3BR fair-market rent
- $2,729/mo
- 4BR fair-market rent
- $3,149/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (High)
- 112.5 (100 = US avg)
- Electricity rate (state-level)
- 22.6¢/kWh
- Natural gas rate (state-level)
- $14.20/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 7
- Elementary schools
- 2
- Middle schools
- 1
- High schools
- 4
- School districts serving the area
- Hopewell Valley Regional School District, Area Vocational Technical School District of Mercer County
- Schools include
- Stony Brook Elementary School, Hopewell Valley Central High School, Toll Gate Grammar School, Timberlane Middle School, MCVS Arthur R. Sypek Center
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively High
- Top hazards (county)
- iceStorm, strongWind, winterWeather, hurricane, inlandFlooding
- Notable hazard ratings (county)
- coastalFlooding: Relatively Low · coldWave: Relatively Moderate · drought: Relatively Low · earthquake: Relatively Moderate · heatWave: Relatively Moderate · hurricane: Relatively High
- FEMA flood zone
- X
- Flood risk level
- Minimal
- Wildfire risk to homes (county)
- Higher than 35% of US counties
- Buildings in wildfire direct-exposure zone
- 35.0%
- Radon potential (county)
- High radon potential — EPA Zone 1 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
- Nearest Superfund site
- Historic Potteries (7 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 79.0°F
- Average high
- 80.0°F
- Average low
- 78.0°F
- Annual precipitation
- 48.3 in
- USDA plant hardiness zone
- 7a (extreme annual low 0 to 5°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 49
- Days with Good air quality
- 194
- Days with Moderate air quality
- 160
- Days with Unhealthy air quality
- 4
- Highest AQI recorded (year)
- 244
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 12.5 / 20
- Transit service frequency
- 381
- Jobs reachable by car (30 min)
- 72,333
- Jobs reachable by transit (45 min)
- 60,824
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 27
- Nearest national park
- Lower Delaware National Wild and Scenic River (11 mi)
- National parks include
- Lower Delaware National Wild and Scenic River, Washington-Rochambeau Revolutionary Route National Historic Trail, New Jersey Pinelands National Reserve
- Airports within 30 mi
- 59
- Nearest airport
- Weidel/Private/ Airport (3 mi)
- Nearest major airport
- Trenton Mercer Airport (TTN) (4 mi)
- Hospitals nearby (~15 mi)
- 1
- Hospitals include
- CAPITAL HEALTH MEDICAL CENTER - HOPEWELL
- Avg hospital rating (CMS)
- 3.0 / 5
- Best hospital rating nearby (CMS)
- 3.0 / 5
- Solar radiation rating
- Fair (4.0 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -1,987 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,980
- Housing built before 1970
- 40.5%
- Housing built 2000 or later
- 10.0%
- Median annual property tax
- $10,001
- Mean commute to work
- 19 min
- Households with broadband internet
- 90.6%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 187,294
- Average weekly wage
- $1,785
- Top industries (by employment)
- Health Care, Professional Services, Administrative Services
- Annual residential building permits (county)
- 771
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 08534 | State median | US median | |
|---|---|---|---|
| Median home value | $689,490 | $577,759 | $289,727 |
| Median sale price | $395,000 | $555,000 | $325,000 |
| Median days on market | 291 days | 42 days | 51 days |
| Typical rent | $3,055/mo | $2,540/mo | $1,808/mo |
| Median annual property tax | $10,001 | $9,504 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 08534?
- $689,490.
- What is the median sale price in ZIP 08534?
- $395,000.
- How long do homes take to sell in ZIP 08534?
- Median days on market: 291 days.
- What is typical rent in ZIP 08534?
- Typical rent: $3,055/month.
- What is the natural-hazard risk in ZIP 08534?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: iceStorm, strongWind, winterWeather, hurricane, inlandFlooding.
- Is ZIP 08534 in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone X.
- What is the wildfire risk in ZIP 08534?
- Risk to homes is higher than 35% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 08534?
- High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 08534?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- How many schools serve ZIP 08534?
- 7 schools (2 elementary, 1 middle, 4 high) (NCES, 2022-23).
- Is ZIP 08534 walkable?
- Walkability index: 12.5/20 (EPA Smart Location Database).
- What is the air quality in ZIP 08534?
- Good. Median AQI: 49. (EPA AQI).
- What is the cost of living in ZIP 08534?
- Regional Price Parity: 112.5 (100 = US average) (High) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →