Trenton, NJ—08620
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 $461,000, with a year-over-year change of 2.6%. This indicates that home prices in Trenton, NJ are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $461,000 | 2.6% |
| Single Family | $461,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $386,000 | 2.7% |
3 Bed | $460,000 | 2.4% |
4 Bed | $540,000 | 2.1% |
| 5 Bed | $753,000 | 1.5% |
% of Housing Stock
Rental Trends — Trenton, NJ
As of July '25, Rentcast reports the average rent in Trenton, NJ is $2,510, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Trenton, NJ is 1-bedrooms: $1,600, 2-bedrooms: $1,820, 4-bedrooms: $3,600. The most common rental property sizes in Trenton, NJ are 2-bedroom and 1-bedroom, accounting for 50.9% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,520 | $1,600 |
| 2 Bed Rent | $1,650 | $1,820 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,500 | $3,600 |
% 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 24. This is a decrease of -45.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $490,000 | -3.0% |
Listing Count | 38 | 48.0% |
| Listings as % of Homes | 0.5% | 48.0% |
Days on Market | 24 | -45.0% |
Demographics — Trenton, NJ
As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 11,900, which has remained stable by -0.9% over the past 5 years. Trenton, NJ is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | -0.9% |
% Under 18 | 16.2% | -9.0% |
% Seniors | 21.1% | 37.0% |
% WFH | 11.5% | 325.9% |
% w/ College Degree | 29.4% | 1.7% |
As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly white area, with 74.5% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is black, making up 10.7% of the population. Foreign-born residents account for 9.4% of the population in Trenton, NJ, and this percentage has increased by 20.5% 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 | 74.5% | -6.9% |
% Black | 10.7% | 17.6% |
% Hispanic | 9.4% | 25.3% |
% Asian | 2.0% | -37.5% |
% Foreign Born | 9.4% | 20.5% |
Mortgage and Risk — Trenton, NJ
According to HUD data as of 2023, there were 228 mortgage originations in Trenton, NJ, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Trenton, NJ. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 228 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Trenton, NJ
Trenton, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 55 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,520 | $1,360 |
| 2 Bedroom | $50 | $1,650 | $1,700 |
| 3 Bedroom | N/A | N/A | $2,050 |
| 4 Bedroom | -$1,190 | $3,500 | $2,310 |
Affordability — Trenton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $461,000 |
| Median Household Income | $109,000 |