08619, Trenton, NJ

The 8619 zip code of Trenton, NJ has a median home value of $191,000 and a median home equity value of $141,000. This is significantly lower than the statewide median home value of $317,500 and statewide median home equity value of $217,500. The 8619 zip code also has a significantly lower homeownership rate than the statewide homeownership rate of 66%.

There are several factors that may contribute to the low home values in the 8619 zip code. First, Trenton is one of the most economically depressed cities in New Jersey. Second, there is a significant amount of foreclosures in this area. Third, many homes in this zip code are older and may not be in good condition. Fourth, there is a lack of available housing stock in this area which may make it difficult for buyers to find an affordable property. Fifth, many residents in this zip code do not have access to credit or adequate financing which could further limit their ability to purchase a home. Sixth, there is a high level of student debt burden among residents which could also be contributing to low home values.