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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 84,225, 27,844 total housing units (homes and apartments), and a median house value of $93,958, house prices in Trenton are some of the most affordable in New Jersey as well as the nation.
Row houses and other attached homes are the single most common housing type in Trenton, accounting for 47.58% of the city's housing units. Other types of housing that are prevalent in Trenton include large apartment complexes or high rise apartments ( 19.30%), duplexes, homes converted to apartments or other small apartment buildings ( 18.00%), and a few single-family detached homes ( 15.04%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Trenton primarily live in small (one, two or no bedroom) row houses and other attached homes. Trenton has a mixture of owner-occupied and renter-occupied housing.
The housing in Trenton was primarily built before 1939 ( 51.04%), making the housing stock in Trenton some of the oldest overall in America, although there is a range of ages of homes in Trenton. The next most important housing age is between 1940-1969 ( 35.24%), followed by between 1970-1999 ( 9.88%). There's also some housing in Trenton built between 2000 and later ( 3.84%).
Vacant housing appears to be an issue in Trenton. Fully 19.74% of the housing stock is classified as vacant. Left unchecked, vacant Trenton homes and apartments can be a drag on the real estate market, holding Trenton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Trenton over the last then years, as home values have seen a decline of 36.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Trenton home appreciation rates at -2.58%, which equates to an annual appreciation rate of -9.92%.
Over the last year, Trenton appreciation rates have trailed the rest of the nation. In the last twelve months, Trenton's appreciation rate has been 0.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Trenton were at -2.58%, which equates to an annual appreciation rate of -9.92%.
Notably, Trenton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Trenton's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.
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.
|$729,001 - $972,000||0.2|
|$486,001 - $729,000||0.7|
|$389,001 - $486,000||0.9|
|$291,001 - $389,000||3.4|
|$194,001 - $291,000||8.2|
|$97,001 - $194,000||36.8|
|$49,001 - $97,000||42.3|
|$0 - $49,000||7.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Trenton HOMES|
|2000 or Newer||3.8|
|1970 - 1999||9.9|
|1940 - 1969||35.2|
|1939 or Older||51.0|
|TYPE OF Trenton HOMES|
|Small Apt. Buildings||18.0|
|SIZE OF Trenton HOMES|
|5 or more bedrooms||5.68|