Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$439,977+0.2% YoY · prices are flat
Market right nowBalanced marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$95,378About 0.9× the local median income ($102,760): affordable for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.2%Zillow expects prices to stay about flat
The typical home in Trenton-Princeton, NJ is worth $439,977, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $409,466, so the area is 7.5% overvalued. It is a balanced market: homes take about 54 days to sell, listings are up 28% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 0.2% over the next year. A household needs about $95,378 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $102,760. Typical rent is $2,523 a month, or $2,850 for a house. In the latest IRS figures, 2,780 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$439,977
Change in 1 year
+0.2%
Overvalued %
+7.5%
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Fair home value
$409,466
Change in 5 years
+33.2%
Zillow forecast, next 12 months
+0.2%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$2,384
Income needed to afford it
$95,378
Property tax rate
2.36%
Rent and investing
Typical rent
$2,523
Typical rent for houses
$2,850
Price-to-rent ratio
14.5×
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HUD Fair Market Rent, 2 bedrooms
$2,242
Gross rental yield
6.88%
Cap rate (estimate)
4.47%
Market activity
Listings vs a year ago
+28.2%
Days on market
54
Listings with a price cut
17.1%
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Homes for sale
851
Pending sales per 100 listings
55
Asking price per sq ft
$279
People and jobs
Median household income
$102,760
Population change (1 year)
+0.5%
Unemployment rate
6.3%
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Population
399,289
Income adjusted for cost of living
$99,574
Net moves in (IRS)
−2,780
Cost of living (US = 100)
103.2
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
95.4
Unhealthy air days a year
6
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Flood risk score
97.2
Wildfire risk score
73.4
Walkability (1 to 20)
11.9
Road, rail and air noise
53 dB
Questions people ask
Is Trenton-Princeton, NJ overvalued?
Home prices in Trenton-Princeton, NJ are slightly above what local incomes have historically supported: fair value is about $409,466, so the area is 7.5% overvalued.
Is Trenton-Princeton, NJ a buyer's or seller's market?
Trenton-Princeton, NJ is a balanced market: homes take about 54 days to sell, listings are up 28% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Trenton-Princeton, NJ?
Home values in Trenton-Princeton, NJ are up 0.2% over the last year. Zillow's forecast for the next 12 months is +0.2%.
How much do you need to earn to buy a home in Trenton-Princeton, NJ?
A household needs about $95,378 a year to afford the typical home in Trenton-Princeton, NJ at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $102,760.