Pennington Prospect median real estate price is $308,607, which is less expensive than 89.6% of New Jersey neighborhoods and 61.3% of all U.S. neighborhoods.
The average rental price in Pennington Prospect is currently $1,354, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.7% 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 5.8% in Pennington Prospect. NeighborhoodScout analysis shows that this rate is lower than 59.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
The Pennington Prospect neighborhood stands out for having an average per capita income lower than 99.8% of the neighborhoods in the United States.
In addition, astoundingly, the Pennington Prospect neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 99.5% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Trenton neighborhood.
The Pennington Prospect neighborhood has a greater proportion of government workers living in it than 98.3% 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.
84.0% of the real estate in the Pennington Prospect neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Did you know that the Pennington Prospect neighborhood has more Jamaican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.7% of this neighborhood's residents have Jamaican ancestry and 10.5% have Dominican ancestry.
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 99.8% of U.S. neighborhoods. With 44.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.8% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Pennington Prospect neighborhood, 32.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 30.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.3%), and 17.5% in manufacturing and laborer occupations.
The most common language spoken in the Pennington Prospect neighborhood is English, spoken by 85.3% of households. Some people also speak Spanish (8.9%).
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 Jamaican (11.7%). There are also a number of people of Sub-Saharan African ancestry (10.6%), and residents who report Dominican roots (10.5%), and some of the residents are also of Puerto Rican ancestry (6.3%), along with some African ancestry residents (4.5%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Pennington Prospect neighborhood spend under 15 minutes commuting one-way to work (41.1% of working residents), one of the shortest commutes across America.
Here most residents (78.0%) 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 (12.0%) and 7.9% 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.