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 $358,968 in January, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of February 19, the 30-year fixed mortgage rate sits at 6.01%.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: $342,951
- 1-year price change: -0.2%
- 5-year price change: +52.2%
#6. Lawrence Township, NJ
- Typical home value: $446,595
- 1-year price change: -0.1%
- 5-year price change: +39.4%
#5. Hightstown, NJ
- Typical home value: $451,899
- 1-year price change: +3.1%
- 5-year price change: +51.6%
#4. East Windsor Township, NJ
- Typical home value: $463,059
- 1-year price change: -0.7%
- 5-year price change: +45.0%
#3. Pennington, NJ
- Typical home value: $662,817
- 1-year price change: +1.3%
- 5-year price change: +41.9%
#2. Princeton, NJ
- Typical home value: $939,418
- 1-year price change: +2.7%
- 5-year price change: +43.1%
#1. Princeton Junction, NJ
- Typical home value: $980,598
- 1-year price change: +2.3%
- 5-year price change: +52.2%