Rent to own Homes in Trenton, NJ
Trenton is located on the East Coast in the state of New Jersey. It's part of Mercer County. As of 2010, Trenton was home to 84,913 individuals, including those who own, rent to own and rent. This centrally located city has a few bridges, such as the Trenton-Morrisville Toll Bridge and the Lower Trenton Bridge, which crosses the Delaware River.
Trenton, NJ is a great place for affordable rent-to-own homes! With a median household income of over $37,002 and a median rent of $1,085, the Trenton, NJ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Trenton, NJ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Trenton, NJ
- Ashland
- Audubon
- Audubon Park
- Bala Cynwyd
- Barrington
- Bensalem
- Berlin
- Carversville
- Cheltenham Village
- Clementon
- Cookstown
- Florence
- Fort Dix
- Glenside
- Golden Triangle
- Greentree
- Haddon Heights
- Hamilton Square
- Hopewell
- Jenkintown
- Juliustown
- Laurel Springs
- Lindenwold
- Lumberville
- Mc Kinley
- Merion Station
- Mount Ephraim
- Oaklyn
- Ottsville
- Pemberton Heights
- Pine Hill
- Pine Valley
- Plainsboro
- Ramblewood
- Ringoes
- Robbinsville
- Robbinsville Center
- Roebling
- Rosemont
- Southampton
- Springdale
- Stratford
- Tavistock
- The College Of New Jersey
- Thorofare
- Warminster
- Westville
- Woodbury
- Wyncote
- Wynnewood
Neighborhoods in Trenton, NJ
Battle Monument rent to own homes Berkeley Square and Parkside rent to own homes Cadwalader & Hillcrest rent to own homes Central West rent to own homes Chambersburg rent to own homes Chestnut Park rent to own homes Downtown rent to own homes East Trenton rent to own homes Ewing and Carroll rent to own homes Franklin Park rent to own homesPopular Zip Codes in Trenton, NJ
08607 rent to own homes 08629 rent to own homes 08608 rent to own homes 08609 rent to own homesBuying a Home in Trenton, NJ
Trenton, NJ is seeing rapid growth and Trenton, NJ's' housing market remains optimal with an average home price that is -55% below the 2023 national average. Trenton, NJ is part of Mercer county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Mercer is 2.02% which is above the national average, which is 0.99%.
Median Home Price in Trenton, NJ
Median Rent in Trenton, NJ
Top Reasons to Live in Trenton NJ
Housing Statistics During the months of May, June and July of 2013, the median sales price for homes in this Jersey city was $75,000. This was an increase of 25 percent as compared to the previous quarter. There was a 15.4 percent increase from the prior year. The average listing price, however, was $130,715. This is an increase of 9.6 percent when compared to the previous month. On average, a family or individual stays in Trenton for approximately 2.71 years. The annual residential turnover is 19.54 percent. The amount of homes rented in Trenton exceeds the percentage of homes that are owned. Approximately 54.6 percent of individuals rent their homes. About 45.4 percent of homes are rented here, including those that are rent to own.
Tourist Attractions Trenton is full of tourist attractions. For instance, it houses Waterfront Park. This baseball field is the field of Trenton Thunder, the city's baseball team. You can also venture to the Old Barracks Museum, where you can learn about the Revolutionary War. This military museum is the last remaining British Army barracks. For the more adventurous, Rockville Climbing Center offers an indoor mountain climbing experience.
The Outdoors If you want to find an outdoor activity to do, you may want to consider going to Cadwalader Park. It covers nearly 100 acres and is Trenton's largest park. Cadwalader has a long history; it was created in 1887 by the same man who designed New York City's Central Park. Cadwalader is a pristine park ideal for walking and relaxing.
Neighborhoods Trenton has four main neighborhoods, which are classified by their location of north, east, south and west. Here are three areas you should know about: