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 $362,143 in August, 2.5% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 19, the 30-year fixed mortgage rate sits at 6.09%.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: $334,365
- 1-year price change: +10.1%
- 5-year price change: +77.2%
#6. Hightstown, NJ
- Typical home value: $435,882
- 1-year price change: +8.9%
- 5-year price change: +64.3%
#5. Lawrence Township, NJ
- Typical home value: $439,276
- 1-year price change: +8.2%
- 5-year price change: +46.4%
#4. East Windsor Township, NJ
- Typical home value: $467,548
- 1-year price change: +8.7%
- 5-year price change: +58.6%
#3. Pennington, NJ
- Typical home value: $659,975
- 1-year price change: +7.2%
- 5-year price change: +46.6%
#2. Princeton, NJ
- Typical home value: $923,792
- 1-year price change: +9.7%
- 5-year price change: +40.1%
#1. Princeton Junction, NJ
- Typical home value: $990,637
- 1-year price change: +12.3%
- 5-year price change: +52.6%