Trenton housing market

Neutral marketTrenton, NJ metro areaData through Sep 2026
Typical home value
$440K
▲ 0.2% 1 yr
Typical rent
$2,523/mo
▲ 2.4% 1 yr
12-month forecast
+0.2%
#452 of 546 metros
Gross rent yield
6.9%
#142 of 546 · U.S. 6.3%
Days to pending
40 days
▲ +6 days 1 yr
Listings with a price cut
23%
▲ +3.2 pts 1 yr

Key takeaways

  • 1The typical home is worth $439,977, up 0.2% in a year and up 33% over five years.
  • 2Zillow forecasts home values rising 0.2% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $2,523/mo (+2.4% YoY), a 6.9% gross yield, above the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $2,418/mo in principal and interest, $105 less than renting.
  • 5Homes go under contract in 40 days (+6 days vs last year); 23% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 55/100, #83 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $440K
$262K$317K$373K$428K2016201920222025
Typical monthly rent
Latest $2,523
$1,631$1,913$2,196$2,4782016201920222025

How fast homes are selling

Days to go under contract
Latest 40
2341597720182020202220242026
Share of listings with a price cut
Latest 22.7%
7.9%12.5%17.1%21.6%20182020202220242026
Homes for sale vs new listings
Latest 1,068
For saleNew listings
3048591,4131,96820182020202220242026
Share of homes sold above list price
Latest 51.6%
18.0%34.8%51.5%68.3%20182020202220242026

Affordability

Household income needed to buy vs rent
Latest $131K
To buy (20% down)To rent
$67K$87K$107K$127K201620182020202220242026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Trenton compares

MeasureTrentonUnited StatesRank of 546
Home value, 1-yr change+0.2%+1.2%#437
Home value, 5-yr change+33.2%+19.7%
12-month forecast+0.2%+1.1%#452
Rent, 1-yr change+2.4%+2.7%#367
Gross rent yield6.9%6.3%#142
Price-to-rent ratio14.515.8
Mortgage P&I on typical home$2,418$2,012
Income needed to buy$131,199$100,902
Days to pending4056

Cities in the Trenton metro

3 cities with home value and rent data.

Trenton$343K▼ 1.8%$2,030▲ 0.2%7.1%
Princeton$954K▲ 3.3%$3,350▲ 3.7%4.2%
Lawrence Township$461K▲ 1.3%$2,572▲ 2.9%6.7%

Run the numbers

Other New Jersey metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.