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 238 people, 73 houses or apartments, and a median cost of homes of $187,662, house prices in Trenton are solidly below the national average.
Single-family detached homes are the single most common housing type in Trenton, accounting for 85.47% of the town's housing units. Other types of housing that are prevalent in Trenton include mobile homes or trailers ( 7.69%), large apartment complexes or high rise apartments ( 4.27%), and a few row houses and other attached homes ( 2.56%).
The most prevalent building size and type in Trenton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.56% owning and 37.44% renting.
The housing in Trenton was primarily built before 1939 ( 49.57%), making the housing stock in Trenton some of the oldest overall in America, although there is a range of ages of homes in Trenton. The next most important housing age is between 1940-1969 ( 23.93%), followed by between 1970-1999 ( 14.53%). There's also some housing in Trenton built between 2000 and later ( 11.97%).
Vacant housing appears to be an issue in Trenton. Fully 37.61% 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.
Appreciation rates for homes in Trenton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.69%, which ranks in the top 40% nationwide. This equates to an annual average Trenton house appreciation rate of 7.16%.
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 3.42%, 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 4.29%, which equates to an annual appreciation rate of 18.29%.
Importantly, this makes Trenton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Trenton's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.
$187,662
for North carolina
for nation
73
$1,633 / per month