The story of this market
The typical home in ZIP 08609 sells for about $255,000, or $286 per square foot.
Prices are roughly flat from a year ago (-0.5%), a market in balance. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $1,391 a month.
ZIP 08609 — Trenton
The housing market in the 08609 area remains characterized by affordability relative to the broader Princeton-Trenton region, though it faces downward price pressure. Inventory levels are moderate, and the market is currently experiencing a shift toward a more balanced environment between buyers and sellers.
This area is primarily suited for budget-conscious buyers and renters looking for proximity to the Trenton employment core.
Median prices moved down 0.5% year over year.
Homes spend a median of 37 days on market with 4.6 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.2% · poverty 18.1% — a mixed stability profile.
ZCTA 08609, Mercer County NJ
Property taxes in this jurisdiction are assessed at the municipal and county level with significant reliance on local property tax levies to fund school districts and municipal services.
The rental market in the Trenton area has seen significant upward pressure with rent prices rising by approximately 25%.
The local economy is anchored by government, healthcare, and education sectors within the Trenton-Princeton metropolitan area.
Data retrieved from US Census Bureau ZCTA profiles and incomebyzipcode.com
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.