Trenton, NJ—08610
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 $349,000, with a year-over-year change of 1.9%. This indicates that home prices in Trenton, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $349,000 | 1.9% |
| Single Family | $349,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $299,000 | 3.1% |
3 Bed | $358,000 | 3.2% |
4 Bed | $406,000 | 2.8% |
| 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 $2,050, with a year-over-year rent change of -9.3%. Per bedroom, the median rent as of July '25 in Trenton, NJ is studios: $1,550, 1-bedrooms: $1,580, 2-bedrooms: $1,950, 3-bedrooms: $2,880, 4-bedrooms: $2,880. The most common rental property sizes in Trenton, NJ are 1-bedroom and 2-bedroom, accounting for 40.3% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $2,050 |
| Studio Rent | $1,550 | $1,550 |
| 1 Bed Rent | $1,620 | $1,580 |
| 2 Bed Rent | $1,900 | $1,950 |
| 3 Bed Rent | $2,750 | $2,880 |
| 4 Bed Rent | $2,450 | $2,880 |
% 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 17.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $393,000 | 6.0% |
Listing Count | 84 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 46 | 17.0% |
Demographics — Trenton, NJ
As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 33,400, which has increased by 9.5% over the past 5 years. Trenton, NJ is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | 9.5% |
% Under 18 | 25.0% | 19.0% |
% Seniors | 13.3% | 5.6% |
% WFH | 5.4% | 50.0% |
% w/ College Degree | 24.9% | 26.4% |
As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly hispanic area, with 42.5% of the population identifying as hispanic. The hispanic population has grown by 49.6% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is white, making up 38.5% of the population. Foreign-born residents account for 24.5% of the population in Trenton, NJ, and this percentage has increased by 20.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 38.5% | -18.9% |
% Black | 16.0% | -22.0% |
% Hispanic | 42.5% | 49.6% |
% Asian | 3.2% | -13.5% |
% Foreign Born | 24.5% | 20.7% |
Mortgage and Risk — Trenton, NJ
According to HUD data as of 2023, there were 543 mortgage originations in Trenton, NJ, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Trenton, NJ. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 543 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Trenton, NJ
As of 2024, the percent of homes in Trenton, NJ under the Section 8 program is 4.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Trenton, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 182 |
Total Units Section 8 | 181 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 94.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,620 | $1,480 |
| 2 Bedroom | -$30 | $1,900 | $1,870 |
| 3 Bedroom | -$500 | $2,750 | $2,250 |
| 4 Bedroom | $80 | $2,450 | $2,530 |
Affordability — Trenton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $349,000 |
| Median Household Income | $87,200 |