Mortgage payment estimates, closing cost breakdowns, and homebuying data for Trenton, New Jersey.
Pre-filled with Trenton median home price and New Jersey tax/insurance rates. Adjust for your property.
Estimated closing costs based on New Jersey rates and fees applied to Trenton prices.
The median home price in Trenton is $215,000, 57% below the New Jersey state median of $505,000. With a population of 90,871, Trenton is a smaller market where home prices tend to be more accessible than in many parts of New Jersey.
Property taxes in New Jersey average 2.47% annually. This higher-than-average tax rate means a $215,000 home in Trenton would carry roughly $443/month in property taxes alone — plan accordingly. Homeowners insurance in New Jersey runs approximately $1,500 per year. This is within the normal range nationally.
Average rent in Trenton is $1,280/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Trenton over the long term.
Trenton offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with New Jersey's NJHMFA DPA Program program.