08628, Trenton, NJ

Home Equity and Home Prices in the 8628 Zip Code of Trenton, NJ

The 8628 zip code of Trenton, NJ has a median home value of $137,500 and a median home equity value of $118,000. These values are above the national median home value of $123,700 and median home equity value of $106,100. The 8628 zip code is also above the statewide median home value of $119,200 and statewide median home equity value of $97,800.

The 8628 zip code has a high concentration of homeowners with a 95% homeownership rate. This is higher than both the statewide homeownership rate (79%) and the national homeownership rate (70%). The high concentration may be due to the presence of Rutgers University-New Brunswick in this zip code. Over 60% of adults in this zip code have at least some college education which is higher than both the statewide average (50%) and national average (45%). This may contribute to the high concentration of homeowners in this area.

There are several factors that may contribute to the high values in this zip code for homes and homes equity. These factors include: a high concentration of educated adults; strong economy; low interest rates; strong housing market demand; and limited supply due to proximity to Rutgers University-New Brunswick.