Pennsville, NJ—08070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pennsville, NJ
As of Oct '25, the median home price in Pennsville, NJ is $267,000, with a year-over-year change of 1.6%. This indicates that home prices in Pennsville, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | 1.6% |
| Single Family | $267,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 2.0% |
3 Bed | $275,000 | 1.9% |
4 Bed | $315,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pennsville, NJ
As of July '25, Rentcast reports the average rent in Pennsville, NJ is $1,730, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Pennsville, NJ is 1-bedrooms: $1,260, 2-bedrooms: $1,730, 3-bedrooms: $2,500, 4-bedrooms: $2,700. The most common rental property sizes in Pennsville, NJ are 1-bedroom and 2-bedroom, accounting for 50.6% and 16.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,260 |
| 2 Bed Rent | $1,600 | $1,730 |
| 3 Bed Rent | $2,300 | $2,500 |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Pennsville, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Pennsville, NJ is 59. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $302,000 | 7.0% |
Listing Count | 80 | 37.0% |
| Listings as % of Homes | 0.9% | 37.0% |
Days on Market | 59 | 3.0% |
Demographics — Pennsville, NJ
As of the latest ACS Survey released in 2023, Pennsville, NJ has a population of 12,500, which has remained stable by 0.7% over the past 5 years. Pennsville, NJ is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | 0.7% |
% Under 18 | 20.2% | -4.3% |
% Seniors | 20.7% | 4.0% |
% WFH | 8.6% | 437.5% |
% w/ College Degree | 21.3% | 33.1% |
As of the latest ACS Survey released in 2023, Pennsville, NJ is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Pennsville, NJ is hispanic, making up 6.5% of the population. Foreign-born residents account for 2.7% of the population in Pennsville, NJ, and this percentage has decreased by 42.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.3% | -6.9% |
% Black | 3.8% | 35.7% |
% Hispanic | 6.5% | 242.1% |
% Asian | 0.4% | -80.0% |
% Foreign Born | 2.7% | -42.6% |
Mortgage and Risk — Pennsville, NJ
According to HUD data as of 2023, there were 323 mortgage originations in Pennsville, NJ, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Pennsville, NJ. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 323 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Pennsville, NJ
As of 2024, the percent of homes in Pennsville, NJ under the Section 8 program is 13.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Pennsville, NJ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 169 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 98.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,200 | $1,350 |
| 2 Bedroom | $10 | $1,600 | $1,610 |
| 3 Bedroom | -$360 | $2,300 | $1,940 |
| 4 Bedroom | -$490 | $2,700 | $2,210 |
Affordability — Pennsville, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $267,000 |
| Median Household Income | $74,000 |