Trenton, NJ—08609
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Trenton, NJ
As of Oct '25, the median home price in Trenton, NJ is $202,000, with a year-over-year change of 0.8%. This indicates that home prices in Trenton, NJ are flat. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $202,000 | 0.8% |
| Single Family | $202,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $206,000 | 8.4% |
4 Bed | $235,000 | 8.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,800 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Trenton, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Trenton, NJ is 46. This is a increase of 41.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | 5.0% |
Listing Count | 30 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 46 | 41.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | 1.9% |
% Under 18 | 25.5% | 19.7% |
% Seniors | 10.0% | 19.0% |
% WFH | 1.8% | 5.9% |
% w/ College Degree | 9.9% | 62.3% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $202,000 |
| Median Household Income | $56,900 |