The housing median value in the Trenton, NJ Metro Area is $344,600, which is higher than the US house median value of $338,100. In addition, the one-year house appreciation rate for the Trenton area is 11.83%, which is higher than the national average of 8.27%. This indicates that housing in Trenton has seen a significant increase in prices over the past year compared to similar markets across the country. As such, it appears that real estate investing in this area would be a great move for anyone looking to buy and/or rent property for a long period of time.
The median home cost in Trenton-Princeton Metro Area is $344,600. Home appreciation the last 10 years has been 62.7%. Home Appreciation in Trenton-Princeton Metro Area is up 19.1%.
Average Age of Homes
- The median age of Trenton-Princeton Metro Area real estate is 54 years old
The Rental Market in Trenton-Princeton Metro Area
- Renters make up 31.8% of the Trenton-Princeton Metro Area population
- 1.0% of houses and apartments in Trenton-Princeton Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.