Home Values in Trenton, New Jersey — 2026 Market Report
Updated March 2026 | Balanced Market | +4.8% YoY
The median home value in Trenton, New Jersey is $175,000 as of March 2026, which is below the national median of $400,000. Home values in Trenton have increased by 4.8% over the past year and 26.4% over the last five years. With a population of 90,871 and a median household income of $38,250, the price-to-income ratio stands at 4.6x, making Trenton affordable for the average household.
Trenton Housing Market Conditions
| Metric | Trenton | National Avg |
|---|---|---|
| Median Home Value | $175,000 | $400,000 |
| YoY Appreciation | +4.8% | +3.8% |
| 5-Year Appreciation | +26.4% | +22.4% |
| Price per Sq Ft | $90 | $222 |
| Days on Market | 52 days | 45 days |
| Months of Supply | 3.1 | 3.5 |
| List-to-Sale Ratio | 99.8% | 98.5% |
| Monthly Homes Sold | 69 | — |
| Foreclosure Rate | 0.37% | 0.3% |
Home Value Trends in Trenton
A homeowner who purchased at the median price of $138,449 five years ago in Trenton would have gained approximately $36,551 in equity, representing a 26.4% return on investment. Over the past year alone, the typical homeowner gained $8,015 in home equity.
Affordability in Trenton, NJ
With a median household income of $38,250 and a median home price of $175,000, the price-to-income ratio in Trenton is 4.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,360 compared to estimated monthly ownership costs of $1,153 gives a rent-vs-buy ratio of 0.85. In Trenton, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Trenton
The effective property tax rate in New Jersey is 2.21%. On a home valued at $175,000, the estimated annual property tax bill is $3,868, or approximately $322/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Trenton is 105.5 (100 = national average), indicating living costs are near the national average.
Calculate Your Mortgage Payment in Trenton
Use our free calculator to estimate monthly payments for a $175,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Trenton, NJ?
The median home value in Trenton, New Jersey is $175,000 as of March 2026. Home values have changed +4.8% over the past year, with a 5-year appreciation of 26.4%.
Is Trenton a buyer's or seller's market?
Trenton is currently a balanced market with 3.1 months of housing supply. Homes spend an average of 52 days on market, and the list-to-sale price ratio is 99.8%. Supply and demand are relatively balanced.
Are home values going up in Trenton?
Yes, home values in Trenton have increased by 4.8% over the past year. The 5-year appreciation rate is 26.4%, meaning a home worth $138,449 five years ago is now worth $175,000.
Is it better to rent or buy in Trenton?
The average monthly rent in Trenton is $1,360, while estimated monthly homeownership costs are approximately $1,153. The price-to-rent ratio is 10.7. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other New Jersey Cities
Related Resources
Disclaimer: Home value data for Trenton, New Jersey is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.