08638, Trenton, NJ

The Trenton zip code of 8638 has a population of around 124,000 and a median household income of $60,000. Home prices in the Trenton zip code have increased by an average of 10.5% over the past year, which is higher than the national average of 7.5%. The Trenton zip code has seen a steady increase in home equity values over the past few years, with homeowners' equity levels reaching an all-time high of $269,000 in Q2 2017. This indicates that homeowners are increasingly able to use their home equity to finance other investments or pay down debt.

There are several factors contributing to the increasing popularity and value of homes in the Trenton zip code. First, there is strong demand from both buyers and sellers due to low interest rates and historically low unemployment rates. Second, there is a limited supply of homes available for purchase due to zoning restrictions and restrictive building codes that make it difficult for developers to build new homes. Finally, Trenton is located within close proximity to major metropolitan areas such as New York City and Philadelphia which makes it an attractive location for people looking for jobs and opportunities.