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Real Estate Prices & Overview

Pennington Prospect median real estate price is $140,448, which is less expensive than 97.8% of New Jersey neighborhoods and 88.2% of all U.S. neighborhoods.

The average rental price in Pennington Prospect is currently $1,644, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.2% of New Jersey neighborhoods.

Pennington Prospect is an urban neighborhood (based on population density) located in Trenton, New Jersey.

Pennington Prospect real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Pennington Prospect neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 9.6% in Pennington Prospect. NeighborhoodScout analysis shows that this rate is lower than 40.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Single parenting is hard. But you don't have to tell the Pennington Prospect neighborhood about it; they already know. 33.2% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.7% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Pennington Prospect neighborhood stands out for having an average per capita income lower than 99.7% of the neighborhoods in the United States. The Pennington Prospect neighborhood also has a greater percentage of children living in poverty (63.7%) than found in 97.6% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Occupations

The Pennington Prospect neighborhood has a greater proportion of government workers living in it than 99.2% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Diversity

Did you know that the Pennington Prospect neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.1% of this neighborhood's residents have African ancestry and 11.1% have Sub-Saharan African ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Pennington Prospect neighborhood in Trenton are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.7% of U.S. neighborhoods. With 63.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.6% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Pennington Prospect neighborhood, 39.4% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.7%), and 21.1% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Pennington Prospect neighborhood is English, spoken by 95.6% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Pennington Prospect neighborhood in Trenton, NJ, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (11.1%). There are also a number of people of African ancestry (11.1%), and residents who report Puerto Rican roots (6.9%), and some of the residents are also of Jamaican ancestry (1.5%), along with some Dominican ancestry residents (1.4%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Pennington Prospect neighborhood spend under 15 minutes commuting one-way to work (35.9% of working residents), one of the shortest commutes across America.

Here most residents (79.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (12.1%) and 6.4% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Economics & Demographics include:
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Household Types
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Race & Ethnic Diversity
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Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
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