Trenton, NJ—08629
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 $262,000, 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 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 1.4% |
| Single Family | $262,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | 4.1% |
3 Bed | $270,000 | 4.7% |
4 Bed | $294,000 | 3.9% |
| 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 $2,190, with a year-over-year rent change of 13.5%. Per bedroom, the median rent as of July '25 in Trenton, NJ is 1-bedrooms: $1,400, 2-bedrooms: $2,020, 3-bedrooms: $2,370. The most common rental property sizes in Trenton, NJ are 1-bedroom and 2-bedroom, accounting for 35.1% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,800 | $2,020 |
| 3 Bed Rent | $2,000 | $2,370 |
| 4 Bed Rent | N/A | N/A |
% 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 60. This is a increase of 13.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $306,000 | 20.0% |
Listing Count | 34 | 12.0% |
| Listings as % of Homes | 0.7% | 12.0% |
Days on Market | 60 | 13.0% |
Demographics — Trenton, NJ
As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 13,000, which has decreased by -7.7% over the past 5 years. Trenton, NJ is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | -7.7% |
% Under 18 | 21.9% | -10.2% |
% Seniors | 11.6% | 6.4% |
% WFH | 4.0% | 1,900.0% |
% w/ College Degree | 14.8% | 25.4% |
As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly hispanic area, with 50.4% of the population identifying as hispanic. The hispanic population has grown by 33.0% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is black, making up 36.3% of the population. Foreign-born residents account for 41.8% of the population in Trenton, NJ, and this percentage has increased by 34.0% 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 | 10.9% | -19.3% |
% Black | 36.3% | -17.5% |
% Hispanic | 50.4% | 33.0% |
% Asian | 1.8% | -30.8% |
% Foreign Born | 41.8% | 34.0% |
Mortgage and Risk — Trenton, NJ
According to HUD data as of 2023, there were 131 mortgage originations in Trenton, NJ, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Trenton, NJ. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 131 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
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 | 69 |
Total Units Section 8 | 66 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,400 | $1,400 |
| 2 Bedroom | $0 | $1,800 | $1,800 |
| 3 Bedroom | $180 | $2,000 | $2,180 |
| 4 Bedroom | N/A | N/A | $2,400 |
Affordability — Trenton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $262,000 |
| Median Household Income | $81,400 |