There are currently 28,354 real estate properties in Trenton, NJ, with a median automated valuation model (AVM) price of $135,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Trenton, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Trenton, NJ, is $173,563.00, with the most expensive house in Trenton, NJ, topping out at $24,945,400.00 and the cheapest home in Trenton, NJ, clocking in at $24,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Trenton, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Trenton, NJ, is on a rollercoaster ride. The average rent price in Trenton, NJ, is $1,531.00. Indeed, when looking to rent in Trenton, NJ, you can expect to pay as little as $700.00 or as much as $4,980.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Trenton, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Trenton, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Trenton, NJ and much more. Save thousands at closing with home foreclosure listings in Trenton, NJ — up to 75% off market value!
Trenton is located in Mercer, New Jersey, with an estimated municipal population of 83,203 residents. All of the best foreclosed homes for sale in Trenton are located in the following zip code areas on Foreclosure.com: 08638 08611 08618 08629 08609 08608 08601 08603 08604 08605 08607 08625 08645 08646 08647 08666 08695. The estimated population per square kilometer (.62 miles) in Trenton is 4,238.
So, about how much do homes cost in Trenton? The most recent median value of resident-owned homes in Trenton is 94,814. An estimated 36 percent of households in Trenton own their homes, with an average family size of 3.85. The median household income in Trenton is 35,402, with13.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Trenton, the median commute time of resident workers (in minutes) is 24.1. And last, but certainly not least, are you looking for homes to rent in Trenton? If so, the average rent price paid by renters in Trenton is 1,026, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Trenton, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Trenton is 34, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Trenton is 28.8, with an average family size of 3.85.
The percentage of residents who report their race in Trenton is as follows:
|Black / African American||49.5%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Trenton? Or maybe you are searching for 55+ active adult communities in and/or near Trenton?
The percentage of residents who report their age in Trenton is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Trenton with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Trenton.
How do you know that living in -- or moving to -- Trenton is right where you need to be? Perhaps you grew up in Trenton or already live nearby; therefore, the decision to buy a home in Trenton is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Trenton for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Trenton:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Trenton.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Trenton can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Trenton, meanwhile, can field multiple offers from more qualified buyers.