According to statistics, the population in Trenton, NJ amounts to 84,867, which shows decline 0% compared to the previous year. The median age of the city’s residents is 34. The average household income is $35,524, shifting growth 3% from the past year, and the average property value in Trenton, NJ decline -4% to $95,900 throughout the year.
|Number Of Employees||34,331|
|Median Property Value||$95,900|
The average household income in Trenton, NJ grew from $34,412 to $35,524 in the past year. This data is an estimate based upon 27,145 households in Trenton, NJ . The chart below presents how household income is distributed in Trenton, NJ in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Trenton, NJ shifted from $100,000 to $95,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Trenton, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Trenton, NJ properties falls in the '$80,000 to $89,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Trenton, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Trenton, NJ equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$257,000||+41.7%|
|1 bed for sale||$135,000||-27.5%|
|2 bed for sale||$257,809||+68.5%|
|3 bed for sale||$206,474||-7.5%|
|4+ bed for sale||$310,459||+30.5%|
During Jul 2022, the average price for an apartment in/near Trenton, NJ increased by 19.7% to $260,287.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 27.5% to $135,000. Asking price for 2-bed apartment also increased by 68.5% and a place of this size will now cost you $257,809. A 3-bed apartment goes for $206,474, it decreased by 7.5% lately. We discerned the rise of 4- and more bed apartment price. It increased by 30.5% and made it up to $310,459.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$171,577||-0.6%|
|Apartments for sale||$135,000||-41%|
|Land for sale||$25,000||-86%|
|Houses for sale||$358,918||+19.2%|
|Condos for sale||$182,597||+29.7%|
|Duplexes for sale||$245,000||N/A|
|Other for sale||$300,000||+64.4%|
The average cost of an apartment in Trenton, NJ decreased by 41% to $135,000. Price reports demonstrate that house price increased by 19.2% this month making it up to $358,918. Condos are really in demand in this season. The median price for a condo increased by 29.7%, it’s now available for $182,597. An average value of duplex is $245,000, thus a median price for a duplex remains the same this month. The property value of townhouses decreased by 0.6%, you’ll have to spend around $171,577 to get one.