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 about Scout's Real Estate Data
With 4,092 people, 1,732 houses or apartments, and a median cost of homes of $192,878, house prices in Trenton are solidly below the national average.
Single-family detached homes are the single most common housing type in Trenton, accounting for 56.86% of the city's housing units. Other types of housing that are prevalent in Trenton include duplexes, homes converted to apartments or other small apartment buildings ( 24.07%), large apartment complexes or high rise apartments ( 15.05%), and a few mobile homes or trailers ( 3.84%).
People in Trenton primarily live in small (one, two or no bedroom) single-family detached homes. Trenton has a mixture of owner-occupied and renter-occupied housing.
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 41.23% of the city's housing hails from this era. Other housing ages represented in Trenton include homes built between 1970-1999 ( 35.43%) and housing constructed between 2000 and later ( 12.85%). There's also some housing in Trenton built before 1939 ( 10.50%).
Vacant housing appears to be an issue in Trenton. Fully 16.97% 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.
In the last 10 years, Trenton has experienced some of the highest home appreciation rates of any community in the nation. Trenton real estate appreciated 134.98% over the last ten years, which is an average annual home appreciation rate of 8.92%, putting Trenton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Trenton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 6.64%, 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 -1.91%, which equates to an annual appreciation rate of -7.42%.
Notably, Trenton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Trenton's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.
$192,878
for Tennessee
for nation
1,732
$1,287 / per month