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Advertise here →Penns Grove, NJ · Market Data
Penns Grove, New Jersey real estate market data.
Real estate market data for Penns Grove, NJ (Salem County) — Census median home value $170,100, county listing prices down about 6.8% over the past year.
Penns Grove, NJ is in Salem County, New Jersey — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 4,860, with a median household income of $43,889. Census data puts Penns Grove's median home value at $170,100 (all owner-occupied homes); Salem County's current median listing price runs $275,000, down about 6.8% over the past year.
At a glance
Penns Grove market snapshot
Population
4,860
Median Household Income
$43,889
Median Home Value (city)
$170,100
Median Listing Price (Salem County)
$275,000
Median Gross Rent
$1,031/mo
Price Trend (YoY)
-6.8%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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Advertise here →Why Penns Grove
What makes Penns Grove different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Penns Grove's median home value — across all owner-occupied homes, not just recent sales — at $170,100. Separately, Salem County's current median listing price (via Realtor.com data, 2026-06-01) runs $275,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Salem County's FHFA house price index shows a 4.59% annual change in 2025.
Population & Income
Penns Grove has an estimated population of 4,860 and a median household income of $43,889, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Penns Grove's Census-reported median home value works out to about 3.9x the area's median household income, and median gross rent runs roughly 28% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Penns Grove FAQ
What are home values like in Penns Grove, NJ?
The Census Bureau's American Community Survey puts Penns Grove's median home value at $170,100. Salem County's current median listing price runs $275,000, down about 6.8% over the past year.
What is the population of Penns Grove, NJ?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Penns Grove's population at approximately 4,860.
What's the median rent in Penns Grove, NJ?
The Census ACS estimates median gross rent in Penns Grove at approximately $1,031 per month.
What is the median household income in Penns Grove, NJ?
Census ACS data puts the median household income in Penns Grove at approximately $43,889.
Is the Penns Grove housing market growing?
Salem County's FHFA house price index shows a 4.59% annual change in 2025.
Is Penns Grove, NJ affordable relative to income?
Census ACS data puts Penns Grove's median home value at about 3.9 times the median household income, with median gross rent equal to roughly 28% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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