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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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: $312,779
- 1-year price change: +12.5%
- 5-year price change: +83.7%
#6. Hightstown, NJ
- Typical home value: $411,244
- 1-year price change: +11.0%
- 5-year price change: +61.8%
#5. Lawrence Township, NJ
- Typical home value: $414,910
- 1-year price change: +9.7%
- 5-year price change: +41.7%
#4. East Windsor Township, NJ
- Typical home value: $438,844
- 1-year price change: +10.4%
- 5-year price change: +55.4%
#3. Pennington, NJ
- Typical home value: $632,889
- 1-year price change: +8.7%
- 5-year price change: +39.6%
#2. Princeton, NJ
- Typical home value: $873,549
- 1-year price change: +9.9%
- 5-year price change: +32.6%
#1. Princeton Junction, NJ
- Typical home value: $929,509
- 1-year price change: +13.6%
- 5-year price change: +45.4%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
