Allenwood, NJ
Population 721 · New Jersey
About Allenwood, NJ
Allenwood is a small community located in New Jersey with a population of 721 residents according to the latest US Census Bureau American Community Survey data. The median household income is $217,500 per year, which is 189% above the national median of $75,149. The median age of 44.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Allenwood features a median home value of $727,600, which is 197% above the national median of $244,900. This places Allenwood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 310 total housing units, 84% are owner-occupied (231 units) and 16% are renter-occupied (43 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Allenwood shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Allenwood have an average one-way commute time of 31 minutes.
Education & Demographics
55.7% of Allenwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.8% of the population being foreign-born.
How Allenwood Ranks in New Jersey
Cost of Living in Allenwood, NJ
Compared to national averages, Allenwood has a median household income of $217,500 (189% above the national median of $75,149). Home values average $727,600, which is 197% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Allenwood's income is 88% above the state average of $115,667, and home values are 55% above the state median of $469,644.
Why Live in Allenwood, NJ?
Allenwood offers a strong local economy with a median household income of $217,500, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features a well-educated community where 55.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $727,600. However, Allenwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Allenwood has a population of 721 with a median age of 44.9 years. Compare Allenwood with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Allenwood
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oceanville | 721 | $163,459 | $247,600 | Compare |
| Branchville | 724 | $124,167 | $299,600 | Compare |
| Andover | 716 | $78,750 | $355,400 | Compare |
| Encore at Monroe | 713 | $72,896 | $463,900 | Compare |
| Fieldsboro | 701 | $88,125 | $333,700 | Compare |
| Harlingen | 697 | $227,438 | $717,900 | Compare |
| Grenloch | 748 | $128,333 | $228,700 | Compare |
| Belleplain | 675 | $65,357 | $282,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Allenwood With Other Cities
Frequently Asked Questions about Allenwood
What is the population of Allenwood, NJ?
The population of Allenwood, NJ is 721 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Jersey.
What is the median household income in Allenwood?
The median household income in Allenwood, NJ is $217,500 per year, which is 189% above the national median of $75,149.
What is the median home value in Allenwood?
The median home value in Allenwood, NJ is $727,600, which is 197% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Allenwood?
The median monthly rent in Allenwood, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Allenwood?
The unemployment rate in Allenwood, NJ is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Allenwood, NJ a good place to live?
Allenwood offers above-average incomes, a competitive housing market, and a strong job market. With a population of 721 and a median age of 44.9, the city appeals to a broad range of residents.
How educated is Allenwood, NJ?
55.7% of residents in Allenwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Allenwood?
Key cost-of-living indicators for Allenwood, NJ: median home value is $727,600 (197% above national), median rent is $0/month, and median household income is $217,500. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Allenwood?
The poverty rate in Allenwood, NJ is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Allenwood, NJ?
Allenwood's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.8% of residents are foreign-born.