Trenton, NJ—08618
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 $268,000, with a year-over-year change of 3.5%. 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 | $268,000 | 3.5% |
| Single Family | $263,000 | 1.2% |
| Condos | $319,000 | 6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $312,000 | 4.3% |
3 Bed | $279,000 | 4.9% |
4 Bed | $319,000 | 3.2% |
| 5 Bed | $333,000 | 4.7% |
% of Housing Stock
Rental Trends — Trenton, NJ
As of July '25, Rentcast reports the average rent in Trenton, NJ is $1,810, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Trenton, NJ is studios: $1,320, 1-bedrooms: $1,410, 2-bedrooms: $1,870, 3-bedrooms: $2,350, 4-bedrooms: $2,460. The most common rental property sizes in Trenton, NJ are 2-bedroom and 1-bedroom, accounting for 31.0% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,810 |
| Studio Rent | $1,300 | $1,320 |
| 1 Bed Rent | $1,450 | $1,410 |
| 2 Bed Rent | $1,700 | $1,870 |
| 3 Bed Rent | $2,350 | $2,350 |
| 4 Bed Rent | $2,300 | $2,460 |
% 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 62. This is a increase of 14.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | -10.0% |
Listing Count | 116 | 13.0% |
| Listings as % of Homes | 0.6% | 13.0% |
Days on Market | 62 | 14.0% |
Demographics — Trenton, NJ
As of the latest ACS Survey released in 2023, Trenton, NJ has a population of 37,200, which has decreased by -6.5% over the past 5 years. Trenton, NJ is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,200 | -6.5% |
% Under 18 | 23.2% | 3.1% |
% Seniors | 14.6% | 25.9% |
% WFH | 8.1% | 145.5% |
% w/ College Degree | 23.5% | 16.9% |
As of the latest ACS Survey released in 2023, Trenton, NJ is a predominantly black area, with 60.3% of the population identifying as black. The black population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Trenton, NJ is white, making up 19.5% of the population. Foreign-born residents account for 13.7% of the population in Trenton, NJ, and this percentage has increased by 17.1% 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 | 19.5% | -19.4% |
% Black | 60.3% | -1.6% |
% Hispanic | 15.7% | 44.0% |
% Asian | 3.1% | 19.2% |
% Foreign Born | 13.7% | 17.1% |
Mortgage and Risk — Trenton, NJ
According to HUD data as of 2023, there were 376 mortgage originations in Trenton, NJ, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Trenton, NJ. Investor activity is low, as 3.0% 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 | 376 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% 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 18.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 2,523 |
Total Units Section 8 | 1,469 |
% Rentals under Section 8 | 18.6% |
% Occupied Section 8 | 95.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,450 | $1,400 |
| 2 Bedroom | $100 | $1,700 | $1,800 |
| 3 Bedroom | -$170 | $2,350 | $2,180 |
| 4 Bedroom | $100 | $2,300 | $2,400 |
Affordability — Trenton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $268,000 |
| Median Household Income | $48,200 |