Trenton, NJ—08611
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 $197,000, with a year-over-year change of 6.3%. This indicates that home prices in Trenton, NJ are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $197,000 | 6.3% |
| Single Family | $197,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $167,000 | 6.4% |
3 Bed | $204,000 | 6.8% |
4 Bed | $232,000 | 7.9% |
| 5 Bed | $247,000 | 5.1% |
% of Housing Stock
Rental Trends — Trenton, NJ
As of July '25, Rentcast reports the average rent in Trenton, NJ is $1,930, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Trenton, NJ is 1-bedrooms: $1,470, 2-bedrooms: $1,760, 3-bedrooms: $2,050, 4-bedrooms: $2,120. The most common rental property sizes in Trenton, NJ are 1-bedroom and 2-bedroom, accounting for 33.7% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,470 |
| 2 Bed Rent | $1,750 | $1,760 |
| 3 Bed Rent | $1,950 | $2,050 |
| 4 Bed Rent | $2,200 | $2,120 |
% 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 67. 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 10.0% |
Listing Count | 56 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 67 | 41.0% |
Demographics — Trenton, NJ
As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 32,800, which has increased by 23.2% over the past 5 years. Trenton, NJ is a popular place for families, as children make up 27.7% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,800 | 23.2% |
% Under 18 | 27.7% | -2.1% |
% Seniors | 11.3% | 37.8% |
% WFH | 5.6% | 700.0% |
% w/ College Degree | 16.3% | 50.9% |
As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly hispanic area, with 61.8% of the population identifying as hispanic. The hispanic population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is black, making up 22.7% of the population. Foreign-born residents account for 37.4% of the population in Trenton, NJ, and this percentage has increased by 16.9% 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 | 14.5% | 3.6% |
% Black | 22.7% | -15.0% |
% Hispanic | 61.8% | 3.0% |
% Asian | 0.6% | -60.0% |
% Foreign Born | 37.4% | 16.9% |
Mortgage and Risk — Trenton, NJ
According to HUD data as of 2023, there were 82 mortgage originations in Trenton, NJ, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Trenton, NJ. Investor activity is low, as 10.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Trenton, NJ
As of 2024, the percent of homes in Trenton, NJ under the Section 8 program is 15.8%. 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. 2-bedroom and 3-bedroom and 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 units do not.
Section 8 Market Size
Total Units under HUD | 1,497 |
Total Units Section 8 | 1,497 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 92.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,600 | $1,460 |
| 2 Bedroom | $90 | $1,750 | $1,840 |
| 3 Bedroom | $270 | $1,950 | $2,220 |
| 4 Bedroom | $290 | $2,200 | $2,490 |
Affordability — Trenton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $197,000 |
| Median Household Income | $50,800 |