Trenton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Trenton Neighborhoods Since 2000




Trenton, NJ 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 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.

Trenton Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$93,958

Trenton, NJ HOME PRICES

Value Range
> $972,000 0.4
$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

Very Low for NJ
Very Low for Nation

Value Relative to Nation Value Relative to State
81.3957576467831 98.9837398373984

Number Of Homes And Apartments:
27,844

Trenton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
16.57% 0.89% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,342 / per month

Homeownership Rate

Homeownership
Owners 35.18
Renters 64.82
Vacant 19.74

Housing Market Details

 

Age of Homes

AGE OF Trenton HOMES
2000 or Newer 3.8
1970 - 1999 9.9
1940 - 1969 35.2
1939 or Older 51.0

Types of Homes

TYPE OF Trenton HOMES
Single-Family 15.0
Townhomes 47.6
Small Apt. Buildings 18.0
Apt. Complexes 19.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Trenton HOMES
No Bedroom 4.40
1 Bedroom 19.61
2 Bedrooms 23.91
3 Bedrooms 34.71
4 Bedrooms 11.71
5 or more bedrooms 5.68