Trenton, NJ—08691
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 $640,000, with a year-over-year change of 1.5%. This indicates that home prices in Trenton, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $640,000 | 1.5% |
| Single Family | $719,000 | 0.8% |
| Condos | $346,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $396,000 | 2.6% |
3 Bed | $647,000 | 2.1% |
4 Bed | $924,000 | 1.8% |
| 5 Bed | $1,070,000 | 2.3% |
% of Housing Stock
Rental Trends — Trenton, NJ
As of July '25, Rentcast reports the average rent in Trenton, NJ is $2,960, with a year-over-year rent change of 8.8%. Per bedroom, the median rent as of July '25 in Trenton, NJ is 1-bedrooms: $1,990, 2-bedrooms: $2,560, 3-bedrooms: $3,290, 4-bedrooms: $4,640. The most common rental property sizes in Trenton, NJ are 2-bedroom and 1-bedroom, accounting for 54.6% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,780 | $1,990 |
| 2 Bed Rent | $2,450 | $2,560 |
| 3 Bed Rent | $3,250 | $3,290 |
| 4 Bed Rent | $4,500 | $4,640 |
% 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 25. This is a decrease of -22.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | 12.0% |
Listing Count | 57 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 25 | -22.0% |
Demographics — Trenton, NJ
As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 16,900, which has increased by 5.6% over the past 5 years. Trenton, NJ is a moderately popular place for families, as children make up 24.6% of the population. The area has a highly educated workforce, with 63.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 5.6% |
% Under 18 | 24.6% | 11.8% |
% Seniors | 17.4% | 1.8% |
% WFH | 26.0% | 519.0% |
% w/ College Degree | 63.5% | 12.4% |
As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly white area, with 60.9% of the population identifying as white. The white population has shrunk by 18.4% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is asian, making up 27.1% of the population. Foreign-born residents account for 25.3% of the population in Trenton, NJ, and this percentage has increased by 48.0% 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 | 60.9% | -18.4% |
% Black | 3.1% | -22.5% |
% Hispanic | 5.0% | 6.4% |
% Asian | 27.1% | 81.9% |
% Foreign Born | 25.3% | 48.0% |
Mortgage and Risk — Trenton, NJ
According to HUD data as of 2023, there were 314 mortgage originations in Trenton, NJ, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Trenton, NJ. Investor activity is low, as 1.0% 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 | 314 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% 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 1.4%. 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. 1-bedroom and 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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,780 | $2,100 |
| 2 Bedroom | $210 | $2,450 | $2,660 |
| 3 Bedroom | -$50 | $3,250 | $3,200 |
| 4 Bedroom | -$900 | $4,500 | $3,600 |
Affordability — Trenton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $640,000 |
| Median Household Income | $130,000 |