Trenton, NJ—08690
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 $483,000, with a year-over-year change of 1.3%. 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 | $483,000 | 1.3% |
| Single Family | $490,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $383,000 | 1.9% |
3 Bed | $474,000 | 1.9% |
4 Bed | $591,000 | 1.4% |
| 5 Bed | $712,000 | 0.6% |
% of Housing Stock
Rental Trends — Trenton, NJ
As of July '25, Rentcast reports the average rent in Trenton, NJ is $2,660, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Trenton, NJ is 1-bedrooms: $1,750, 2-bedrooms: $2,060, 3-bedrooms: $3,350, 4-bedrooms: $3,200. The most common rental property sizes in Trenton, NJ are 2-bedroom and 1-bedroom, accounting for 59.7% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,750 |
| 2 Bed Rent | $1,920 | $2,060 |
| 3 Bed Rent | $3,100 | $3,350 |
| 4 Bed Rent | $3,200 | $3,200 |
% 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 27. This is a decrease of -26.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $497,000 | 4.0% |
Listing Count | 73 | -9.0% |
| Listings as % of Homes | 0.5% | -9.0% |
Days on Market | 27 | -26.0% |
Demographics — Trenton, NJ
As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 19,000, which has increased by 1.7% over the past 5 years. Trenton, NJ is a moderately popular place for families, as children make up 16.1% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | 1.7% |
% Under 18 | 16.1% | -6.4% |
% Seniors | 25.1% | 23.0% |
% WFH | 19.1% | 315.2% |
% w/ College Degree | 45.4% | 8.1% |
As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is hispanic, making up 7.8% of the population. Foreign-born residents account for 11.6% of the population in Trenton, NJ, and this percentage has increased by 20.8% 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 | 81.2% | -2.3% |
% Black | 2.3% | -54.9% |
% Hispanic | 7.8% | 56.0% |
% Asian | 6.8% | 28.3% |
% Foreign Born | 11.6% | 20.8% |
Mortgage and Risk — Trenton, NJ
According to HUD data as of 2023, there were 365 mortgage originations in Trenton, NJ, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Trenton, NJ. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 365 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Trenton, NJ
As of 2024, the percent of homes in Trenton, NJ under the Section 8 program is 0.7%. 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. 2-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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,700 | $1,700 |
| 2 Bedroom | $230 | $1,920 | $2,150 |
| 3 Bedroom | -$510 | $3,100 | $2,590 |
| 4 Bedroom | -$290 | $3,200 | $2,910 |
Affordability — Trenton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $483,000 |
| Median Household Income | $123,000 |