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Trenton, NJ—08609

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$214,000
4.7% YoY Growth
Household Income
$56,900
63.3% YoY Growth
Days on Market
79
11.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$1,600
5.9% YoY Growth
1-Bed Rent
$1,350
27.5% YoY Growth
2-Bed Rent
$1,400
6.2% YoY Growth
3-Bed Rent
$1,850
1.9% YoY Growth

Other Zip Codes in Trenton, NJ

0862908620086180861008619086900861108691
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Trenton, NJ

As of May '26, the median home price in Trenton, NJ is $214,000, with a year-over-year change of 4.7%. This indicates that home prices in Trenton, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$214,0004.7%
Single Family $215,0003.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$215,0006.4%
    4 Bed
    		$246,0007.9%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    7.8%
    1 Bedroom
    19.1%
    2 Bedrooms
    19.6%
    3 Bedrooms
    35.6%
    4 Bedrooms
    12.7%
    5+ Bedrooms
    5.2%

    Rental Trends — Trenton, NJ

    As of July '25, Rentcast reports the average rent in Trenton, NJ is $1,800, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Trenton, NJ is 1-bedrooms: $1,390, 2-bedrooms: $1,650, 3-bedrooms: $2,070, 4-bedrooms: $2,420. The most common rental property sizes in Trenton, NJ are 1-bedroom and 2-bedroom, accounting for 30.4% and 24.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,800
    Studio Rent N/AN/A
    1 Bed Rent $1,350$1,390
    2 Bed Rent $1,400$1,650
    3 Bed Rent $1,850$2,070
    4 Bed Rent $2,200$2,420
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    % of Rental Stock

    Studio
    12.9%
    1 Bedroom
    30.4%
    2 Bedrooms
    24.3%
    3 Bedrooms
    18.8%
    4 Bedrooms
    9.1%
    5+ Bedrooms
    4.6%

    Property Listings — Trenton, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Trenton, NJ is 79. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$244,000-7.0%
    Listing Count
    		2362.0%
    Listings as % of Homes0.5%62.0%
    Days on Market
    		7911.0%
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    Demographics — Trenton, NJ

    As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 13,000, which has increased by 1.9% over the past 5 years. Trenton, NJ is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		13,0001.9%
    % Under 18
    		25.5%19.7%
    % Seniors
    		10.0%19.0%
    % WFH
    		1.8%5.9%
    % w/ College Degree
    		9.9%62.3%
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    As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly hispanic area, with 45.0% of the population identifying as hispanic. The hispanic population has grown by 17.8% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is black, making up 43.8% of the population. Foreign-born residents account for 31.9% of the population in Trenton, NJ, and this percentage has decreased by 4.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		7.7%-12.5%
    % Black
    		43.8%-15.6%
    % Hispanic
    		45.0%17.8%
    % Asian
    		1.4%-26.3%
    % Foreign Born
    		31.9%-4.5%
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    Mortgage and Risk — Trenton, NJ

    According to HUD data as of 2023, there were 55 mortgage originations in Trenton, NJ, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Trenton, NJ. Investor activity is low, as 11.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		55
    % Conventional Loans
    		65.0%
    % Government Loans
    		35.0%
    % Investor Loans
    		11.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Trenton, NJ

    As of 2024, the percent of homes in Trenton, NJ under the Section 8 program is 25.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Trenton, NJ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		855
    Total Units Section 8
    		780
    % Rentals under Section 8
    		25.5%
    % Occupied Section 8
    		94.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$50$1,350$1,400
    2 Bedroom$400$1,400$1,800
    3 Bedroom$330$1,850$2,180
    4 Bedroom$200$2,200$2,400

    Affordability — Trenton, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$214,000
    Median Household Income$56,900

    Trenton, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    08629

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    Frequently Asked Questions