HomeNew JerseySalem CountyPenns Grove borough
Penns Grove borough, New Jersey: commercial real estate data.
Penns Grove borough is a Census borough of 4,882 people across 0.89 square miles of land, in Salem County. Median household income is $45,781, 35.0 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $241,200.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Penns Grove
What Penns Grove is
- Census place typeborough
- Land area0.89 sq mi
- Water area0 sq mi
- Population per square mile of land5,469
- County holding the largest share of its areaSalem 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.
Penns Grove
How many people live in Penns Grove
- Population4,882
- Median age25.1 plus or minus 7.0
- Population under 182,059
- Share under 1842.2 percent
- Population 65 and over437 plus or minus 109
- Share 65 and over9.0 percent plus or minus 2.2
- Households1,561
- Family households948
- Share of households that are families60.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Penns Grove
Income and work in Penns Grove
- Median household income$45,781 plus or minus $17,844
- Per capita income$19,275
- Civilian labor force1,487
- Employed1,294
- Unemployed193 plus or minus 96
- Unemployment rate13.0 percent plus or minus 6.2
- Adults 25 and over2,451
- Adults 25 and over with a high school diploma or higher79.4 percent
- Adults 25 and over with a bachelor degree or higher15.2 percent plus or minus 5.4
- Adults 25 and over with a graduate degree5.3 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Penns Grove
Housing in Penns Grove
- Housing units1,919
- Occupied units1,561
- Vacant units358 plus or minus 116
- Vacancy rate18.7 percent plus or minus 5.7
- Owner occupied546 plus or minus 129
- Renter occupied1,015 plus or minus 216
- Ownership rate35.0 percent
- Median owner-occupied home value$178,200
- Median gross rent, monthly$1,117 plus or minus $363
- Annual rent as a share of median income29.3 percent plus or minus 14.9
- Single family units1,207
- Share single family62.9 percent
- Units in buildings of two or more712 plus or minus 203
- Share in buildings of two or more37.1 percent plus or minus 9.8
- Mobile homes0
- Median year structure built1955
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Penns Grove
How Penns Grove gets to work
- Workers 16 and over who commute1,249
- Commuting under 15 minutes466 plus or minus 162
- Share commuting under 15 minutes37.3 percent plus or minus 11.2
- Commuting 30 minutes or more329 plus or minus 151
- Share commuting 30 minutes or more26.3 percent plus or minus 11.2
- Drove alone81.9 percent
- Carpooled4.4 percent plus or minus 4.4
- Public transport1.9 percent plus or minus 3.0
- Walked0.5 percent plus or minus 0.7
- Worked from home2.3 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Penns Grove
SBA loans in Penns Grove (7(a))
- Approvals2
- Gross approval$241,200
- Average approval$120,600
- Median approval$206,000
- Ninetieth percentile approval$206,000
- Largest approval$206,000
- Jobs supported5
- Jobs per approval2.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Penns Grove
SBA loans in Penns Grove (504)
- Approvals1
- Gross approval$2,175,000
- Average approval$2,175,000
- Median approval$2,175,000
- Largest approval$2,175,000
- Jobs supported25
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Salem County, not Penns Grove
Salem County context, not Penns Grove figures
These are Salem County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Penns Grove measurements.
- Establishments in Salem County1,137
- Employment at those establishments, Salem County17,630
- Covered employment, Salem County21,587
- Average annual pay, Salem County$67,562
- Average weekly wage, Salem County$1,299
- Housing units permitted, Salem County64
- Of those, single family, Salem County64
- County product, 2024, Salem County$7,363,384,000
- County product change over the prior year, Salem County3.7 percent
- Average income of an arriving household, Salem County$63,058
Every figure in this section is published for Salem County as a whole and is not a measurement of Penns Grove. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Penns Grove questions, answered from the record.
How many people live in Penns Grove, New Jersey?
4,882, in 1,561 households. Penns Grove borough covers 0.89 square miles of land, which is 5,469 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Penns Grove in?
Salem 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 Penns Grove?
$45,781. The median owner-occupied home is valued at $178,200. Median gross rent is $1,117 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Penns Grove businesses?
2 7(a) approvals totalling $241,200, across 2 lenders, median approval $206,000, plus 1 504 approvals worth $2.2 m. These count approvals to borrowers whose address is in Penns Grove, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Penns Grove borrowers get paid back?
No rate is published for Penns Grove. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Penns Grove figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Salem 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 Penns Grove.
Is zoning published for Penns Grove?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
Nearby