The story of this market
The typical home in ZIP 08618 sells for about $325,000, or $175 per square foot.
Prices are down 4.3% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,102 a month.
ZIP 08618 — Trenton
The housing market in ZIP 08618 shows a mixed but generally stable picture. While median home values have seen a slight year-over-year decrease, the median list price remains relatively strong with year-over-year growth. The rental market is experiencing significant year-over-year rent increases, indicating stronger rent pressure. The number of active listings is up, suggesting more options for buyers, but days on market have also increased, potentially leading to longer selling timelines. Efforts to revitalize the city by reducing abandoned properties could positively impact future growth.
ZIP 08618 may appeal to renters and value-conscious buyers looking for an affordable entry into the real estate market. The area has a lower median household income and home value compared to the state and national averages, and a significant portion of its housing stock is renter-occupied. The ongoing efforts to reduce abandoned properties suggest a focus on community revitalization.
Median prices moved down 4.3% year over year.
Homes spend a median of 52 days on market with 2.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.8% · poverty 21.0% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 08618, Mercer County, New Jersey
08618 has a crime index of 134, which is 34% above the national average, and is considered safer than 18% of zip codes in Trenton. Crime is 41% lower than the Trenton city average. Larceny/theft is the most elevated crime concern.
Public school data for ZIP 08618 indicates that African American students constitute the majority (55.9%), followed by Hispanic students (33.03%). Specific school ratings and district information were not found for this ZIP code.
No specific information was found regarding flood, wildfire, wind, or insurance-climate posture for ZIP 08618.
Trenton has seen a major reduction in city-owned abandoned properties, with inventory reduced from over 3,000 in 2018 to fewer than 100 houses and approximately 800 vacant lots. This includes the transfer of 176 city-owned properties last year, a pace expected to be matched this year.
No specific information was found regarding the property tax rate structure, special districts, or exemptions for ZIP 08618. The sales tax rate in 08618 is 6.6%.
Commute data for ZIP 08618 was not found. However, the Trenton-Princeton market generally offers a mix of driving and transit options towards employment cores.
Specific parks, trails, lakes, golf, or shopping within a 3-mile radius of ZIP 08618 were not detailed in the provided sources.
The median rent in 08618 is $2,074 per month, showing a year-over-year increase of 2.9%. The median rental price is $2,000 per month, up 33.33% year-over-year. There are 111 active listings for sale and 123 available rentals in the area.
The Trenton-Princeton market is influenced by its proximity to major metropolitan areas and a diverse economic base. Information on specific employers and industry mix for ZIP 08618 was not detailed.
Trenton has seen a significant reduction in abandoned properties, with a focus on redevelopment and transfer of properties to local investors and first-time homebuyers. Details on specific approved or under-construction projects bordering or within ZIP 08618 were not found.
No information was found regarding special districts (MUD/PID, hospital, college, utility, flood-control) that attach to parcels in ZIP 08618.
No specific information was found regarding the property insurance posture for ZIP 08618.
Data retrieved from data.census.gov for ZCTA 08618. Some fields like median_year_built, owner/renter cost burden shares, net migration, work-from-home share, mean commute, and poverty rate were not determinable from the provided data.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.