Pennington borough: Median Gross Rent Trend
How Pennington borough's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,407
2023
$1,819
Total change
+$412
% change
+29.3%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,407 | — |
| 2019 | $1,539 | +$132 (9.4%) |
| 2020 | $1,633 | +$94 (6.1%) |
| 2021 | $1,765 | +$132 (8.1%) |
| 2022 | $1,862 | +$97 (5.5%) |
| 2023 | $1,819 | $43 (-2.3%) |