Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,626 people, 2,144 houses or apartments, and a median cost of homes of $147,279, house prices in Trenton are some of the most affordable in Missouri as well as the nation.
Single-family detached homes are the single most common housing type in Trenton, accounting for 80.74% of the city's housing units. Other types of housing that are prevalent in Trenton include duplexes, homes converted to apartments or other small apartment buildings ( 9.10%), large apartment complexes or high rise apartments ( 7.77%), and a few mobile homes or trailers ( 2.38%).
The most prevalent building size and type in Trenton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.08% owning and 44.92% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Trenton's housing was primarily built during this period, from the '40s through the '60s. A full 42.52% of the city's housing hails from this era. Other housing ages represented in Trenton include homes built between 1970-1999 ( 26.70%) and housing constructed before 1939 ( 24.57%). There's also some housing in Trenton built between 2000 and later ( 6.21%).
Vacant housing appears to be an issue in Trenton. Fully 22.54% of the housing stock is classified as vacant. Left unchecked, vacant Trenton homes and apartments can be a drag on the real estate market, holding Trenton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Trenton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.31% during the period.
Over the last year, Trenton appreciation rates have trailed the rest of the nation. In the last twelve months, Trenton's appreciation rate has been 0.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Trenton were at -0.73%, which equates to an annual appreciation rate of -2.90%.
Notably, Trenton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Trenton's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.
$147,279
for Missouri
for nation
2,144
$1,063 / per month