Trenton, NJ—08619
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 $427,000, with a year-over-year change of 1.4%. This indicates that home prices in Trenton, NJ are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $427,000 | 1.4% |
| Single Family | $432,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $333,000 | 2.5% |
3 Bed | $442,000 | 1.8% |
4 Bed | $504,000 | 1.6% |
| 5 Bed | $602,000 | 0.7% |
% of Housing Stock
Rental Trends — Trenton, NJ
As of July '25, Rentcast reports the average rent in Trenton, NJ is $2,680, with a year-over-year rent change of 6.8%. Per bedroom, the median rent as of July '25 in Trenton, NJ is 1-bedrooms: $1,920, 2-bedrooms: $2,430, 3-bedrooms: $3,400, 4-bedrooms: $3,220. The most common rental property sizes in Trenton, NJ are 2-bedroom and 1-bedroom, accounting for 43.2% and 40.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,870 | $1,920 |
| 2 Bed Rent | $2,300 | $2,430 |
| 3 Bed Rent | $3,450 | $3,400 |
| 4 Bed Rent | $3,300 | $3,220 |
% 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 42. This is a increase of 33.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | -11.0% |
Listing Count | 81 | -12.0% |
| Listings as % of Homes | 0.5% | -12.0% |
Days on Market | 42 | 33.0% |
Demographics — Trenton, NJ
As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 23,500, which has increased by 11.9% over the past 5 years. Trenton, NJ is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 45.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 11.9% |
% Under 18 | 18.6% | 9.4% |
% Seniors | 19.4% | -2.0% |
% WFH | 13.6% | 231.7% |
% w/ College Degree | 45.6% | 37.3% |
As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly white area, with 66.9% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is hispanic, making up 14.3% of the population. Foreign-born residents account for 13.9% of the population in Trenton, NJ, and this percentage has increased by 2.2% 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 | 66.9% | -9.1% |
% Black | 9.6% | 14.3% |
% Hispanic | 14.3% | 38.8% |
% Asian | 6.1% | 0.0% |
% Foreign Born | 13.9% | 2.2% |
Mortgage and Risk — Trenton, NJ
According to HUD data as of 2023, there were 273 mortgage originations in Trenton, NJ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% 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 | 273 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% 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 12.5%. 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. In Trenton, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 364 |
Total Units Section 8 | 364 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 94.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,870 | $1,700 |
| 2 Bedroom | -$150 | $2,300 | $2,150 |
| 3 Bedroom | -$860 | $3,450 | $2,590 |
| 4 Bedroom | -$390 | $3,300 | $2,910 |
Affordability — Trenton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $427,000 |
| Median Household Income | $105,000 |