Cities with the most expensive homes in the Trenton metro area
Cities with the most expensive homes in the Trenton metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $344,159 in January, 3.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of Feb. 22, the 30-year fixed mortgage rate sits at 6.9%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Trenton metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Trenton, NJ
- Typical home value: $306,383
- 1-year price change: +12.6%
- 5-year price change: +83.9%
#6. Hightstown, NJ
- Typical home value: $407,861
- 1-year price change: +11.5%
- 5-year price change: +61.3%
#5. Lawrence Township, NJ
- Typical home value: $412,150
- 1-year price change: +9.3%
- 5-year price change: +40.6%
#4. East Windsor Township, NJ
- Typical home value: $431,951
- 1-year price change: +10.5%
- 5-year price change: +54.7%
#3. Pennington, NJ
- Typical home value: $620,147
- 1-year price change: +8.5%
- 5-year price change: +38.5%
#2. Princeton, NJ
- Typical home value: $861,300
- 1-year price change: +9.2%
- 5-year price change: +31.5%
#1. Princeton Junction, NJ
- Typical home value: $913,888
- 1-year price change: +12.9%
- 5-year price change: +44.2%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.