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Hopewell Township & Pennington
Founded in 1708, the town of Pennington is located in the heart of the Hopewell Valley. This delightful village, with its Colonial and Victorian origins, has evolved into a diverse and active community. Its rural flavor and small scale offers a refreshing contrast to the bustle of the nearby New York-Philadelphia corridor yet its proximity to Princeton allows the Pennington residents full access to all the cultural, educational and economic activities the area has to offer. The village population is 2,688.
Hopewell Township, with a population of 17,968, embraces historic villages along the Delaware River and Canal, open parklands, and farmland. Pennington Borough offers Colonial and Victorian homes on small, tree-shaded streets in quiet, older neighborhoods. The outlaying areas offer rural developments as well as gentlemen’s farms. The cost of single-family houses in the area ranges from $200,000 to $4,000,000 with the average sale price of $1,086,800. The 2007 tax rate in Pennington Borough was 1.95; the ratio was 107.89. The 2007 tax rate for the Township was 1.86; the ratio was 108.87.
