HomeNew JerseyMercer CountyPennington
Pennington, New Jersey: commercial real estate data.
Pennington is a Census borough of 2,827 people across 0.96 square miles of land, in Mercer County. Median household income is $192,586, 81.7 percent of occupied homes are owned, and the SBA record carries 20 7(a) approvals to borrowers here worth $11.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Pennington
What Pennington is
- Census place typeborough
- Land area0.96 sq mi
- Water area0 sq mi
- Population per square mile of land2,942
- County holding the largest share of its areaMercer County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington
How many people live in Pennington
- Population2,827
- Median age47.8
- Population under 18623
- Share under 1822.0 percent
- Population 65 and over649
- Share 65 and over23.0 percent
- Households1,152
- Family households769
- Share of households that are families66.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington
Income and work in Pennington
- Median household income$192,586
- Per capita income$97,605
- Civilian labor force1,565
- Employed1,527
- Unemployed38 plus or minus 22
- Unemployment rate2.4 percent plus or minus 1.4
- Adults 25 and over2,085
- Adults 25 and over with a high school diploma or higher98.5 percent
- Adults 25 and over with a bachelor degree or higher73.4 percent
- Adults 25 and over with a graduate degree41.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington
Housing in Pennington
- Housing units1,250
- Occupied units1,152
- Vacant units98 plus or minus 63
- Vacancy rate7.8 percent plus or minus 5.0
- Owner occupied941
- Renter occupied211 plus or minus 66
- Ownership rate81.7 percent
- Median owner-occupied home value$672,900
- Median gross rent, monthly$1,886
- Annual rent as a share of median income11.8 percent
- Single family units994
- Share single family79.5 percent
- Units in buildings of two or more256 plus or minus 86
- Share in buildings of two or more20.5 percent plus or minus 6.7
- Mobile homes0
- Median year structure built1953
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington
How Pennington gets to work
- Workers 16 and over who commute1,118
- Commuting under 15 minutes300 plus or minus 97
- Share commuting under 15 minutes26.8 percent plus or minus 8.2
- Commuting 30 minutes or more293 plus or minus 79
- Share commuting 30 minutes or more26.2 percent plus or minus 6.6
- Drove alone61.6 percent
- Carpooled4.6 percent plus or minus 2.8
- Public transport3.3 percent plus or minus 2.4
- Walked4.4 percent plus or minus 4.4
- Worked from home24.1 percent plus or minus 6.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington
SBA loans in Pennington (7(a))
- Approvals20
- Gross approval$11,610,100
- Average approval$580,505
- Median approval$532,500
- Ninetieth percentile approval$1,264,400
- Largest approval$1,420,000
- Jobs supported145
- Jobs per approval7.3
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more15.0 percent
- Share to franchises0.0 percent
- Distinct lenders16
- Distinct industries by NAICS12
Counted by borrower city: approvals to borrowers whose address is in Pennington, in any county, FY2020 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Pennington
SBA loans in Pennington (504)
- Approvals6
- Gross approval$5,277,000
- Average approval$879,500
- Median approval$680,000
- Largest approval$1,793,000
- Jobs supported41
- Loans with a final outcome1
- Charged off0
- Median term270 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Pennington, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Pennington
Flood risk in Pennington
- NFIP communityBorough of Pennington
- NFIP community number340251
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/20/16
The Borough of Pennington participates in the National Flood Insurance Program as community 340251 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Mercer County, not Pennington
Mercer County context, not Pennington figures
- Establishments in Mercer County9,683
- Covered employment, Mercer County264,154
- Average annual pay, Mercer County$90,503
- Housing units permitted, Mercer County2,026
Every figure in this section is published for Mercer County as a whole and is not a measurement of Pennington.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Pennington questions, answered from the record.
How many people live in Pennington, New Jersey?
2,827, in 1,152 households. Pennington borough covers 0.96 square miles of land, which is 2,942 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Pennington in?
Mercer County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Pennington?
$192,586. The median owner-occupied home is valued at $672,900. Median gross rent is $1,886 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Pennington businesses?
20 7(a) approvals totaling $11.6 m since FY2020, across 16 lenders, median approval $532,500, plus 6 504 approvals worth $5.3 m since FY2010. These count approvals to borrowers whose address is in Pennington, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Pennington borrowers get paid back?
No rate is published for Pennington. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Pennington in the National Flood Insurance Program?
Yes. Pennington appears in the FEMA Community Status Book as Pennington, borough of, community 340251, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Pennington figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Mercer County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Pennington.
Is zoning published for Pennington?
No. Nothing on this page presents parcel level zoning.