Trenton, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Trenton Neighborhoods Since 2000




Trenton, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Trenton Housing Market Information

With 18,380 people, 7,798 houses or apartments, and a median cost of homes of $154,606, Trenton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Trenton, accounting for 71.11% of the city's housing units. Other types of housing that are prevalent in Trenton include large apartment complexes or high rise apartments ( 16.10%), row houses and other attached homes ( 6.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Trenton. Owner-occupied housing accounts for 77.86% of Trenton's homes, and 66.39% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Trenton's housing was primarily built during this period, from the '40s through the '60s. A full 63.66% of the city's housing hails from this era. Other housing ages represented in Trenton include homes built between 1970-1999 ( 22.17%) and housing constructed before 1939 ( 10.10%). There's also some housing in Trenton built between 2000 and later ( 4.07%).

Trenton Home Appreciation Rates

Trenton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Trenton during the period has been just -1.58%, which is lower than 80% of US communities.

Appreciation rates are so strong in Trenton that despite a nationwide downturn in the housing market, Trenton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Trenton appreciation rates continue to be some of the highest in America, at 7.14%, which is higher than appreciation rates in 82.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Trenton. Trenton appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Trenton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Trenton's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Trenton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Trenton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Trenton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$154,606

Trenton, MI HOME PRICES

Value Range
> $1,242,000 0.1
$931,001 - $1,242,000 0.0
$621,001 - $931,000 0.0
$497,001 - $621,000 0.3
$372,001 - $497,000 1.3
$248,001 - $372,000 8.0
$124,001 - $248,000 52.9
$62,001 - $124,000 28.2
$0 - $62,000 9.2

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
48.1132075471698 34.1346153846154

Number Of Homes And Apartments:
7,798

Trenton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-7.86% -0.47% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 77.86
Renters 22.14
Vacant 4.65

Housing Market Details

 

Age of Homes

AGE OF Trenton HOMES
2000 or Newer 4.1
1970 - 1999 22.2
1940 - 1969 63.7
1939 or Older 10.1

Types of Homes

TYPE OF Trenton HOMES
Single-Family 71.1
Townhomes 6.2
Small Apt. Buildings 5.5
Apt. Complexes 16.1
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Trenton HOMES
No Bedroom 1.33
1 Bedroom 6.91
2 Bedrooms 23.64
3 Bedrooms 51.37
4 Bedrooms 15.02
5 or more bedrooms 1.74