08690, Trenton, NJ

The 8690 zip code of Trenton, NJ has a median home value of $157,000 and a median home equity of $137,000. This is significantly higher than the statewide median home value of $123,500 and the national median home equity of $142,700. The 8690 zip code also has a significantly higher percentage of homeowners (86%) than the statewide average (72%) and the national average (63%). These high levels of homeownership are likely due to the strong economy and low unemployment rates in Trenton.

Another factor that contributes to high levels of home values in the 8690 zip code is the availability of affordable housing. The majority (60%)of homes in this zip code are within reach of someone earning an annual income below $100,000. This is much higher than the statewide average (41%)and national average (47%). Additionally, there are a number of luxury homes available in this area as well, but they are still relatively affordable compared to other areas in New Jersey and nationwide.

Overall, it is clear that homeownership and high levels of home values are strongly correlated with strong economic conditions in Trenton. As long as there is continued economic growth in Trenton and low unemployment rates, it is likely that these trends will continue.