08611, Trenton, NJ

Home equity is the difference between what a homeowner owes on their home and the value of their home. Home prices are the amount that homeowners are willing to pay for a property. Trenton has seen an increase in both home equity and home prices over the past few years.

In 2016, Trenton had a median home equity of $137,000 and a median home price of $165,000. This represents an increase of 11% and 13%, respectively, from 2015. The city’s average growth rate for both measures was 6%.

One reason for this trend may be that Trenton has seen strong job growth over the past few years. The city’s unemployment rate has decreased by nearly 2 percentage points since 2013, which could lead to more people being able to afford homes. Additionally, Trenton is seeing an influx of young professionals who are looking for affordable housing options.

While there is definitely some positive momentum behind Trenton’s housing market right now, it’s important to keep in mind that there are still risks associated with buying or selling a home in this area. For example, interest rates could go up at any time which would make it more expensive to borrow money against yourhome equity or house prices could decline if the economy takes a turn for the worse.