Trenton USDA Loan Rates, Closing Costs & Stats
TRENTON-PRINCETON, NJ
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Trenton USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Trenton
averaged
6%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Trenton's average USDA mortgage closing costs are $7,679.
The average rate for the prior week (2023-05-19) was
6.05% and
one month ago for the week of 2023-04-21, the
average rate was 6.15%.
The average rate one year ago was 4.67%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.19%.
Trenton USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Trenton level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|
The lowest fee Trenton USDA lenders (with over 10 loans originated) are
.
The lowest rate Trenton USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Trenton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $228,050 (5.1%) | $382,946 (-4.4%) | 0.85 | 1,158 |
| 2018-02-01 | $229,375 (2.0%) | $387,475 (-2.5%) | 0.83 | 1,207 |
| 2018-03-01 | $257,999 (12.4%) | $425,082 (0.4%) | 0.91 | 1,194 |
| 2018-04-01 | $274,925 (6.2%) | $477,170 (5.4%) | 0.93 | 1,317 |
| 2018-05-01 | $302,450 (12.3%) | $504,597 (8.1%) | 1.01 | 1,401 |
| 2018-06-01 | $300,000 (9.1%) | $496,506 (3.5%) | 1.00 | 1,487 |
| 2018-07-01 | $304,450 (9.1%) | $487,980 (1.9%) | 1.02 | 1,518 |
| 2018-08-01 | $299,000 (11.1%) | $483,660 (5.4%) | 1.00 | 1,499 |
| 2018-09-01 | $290,000 (11.6%) | $470,141 (3.6%) | 0.97 | 1,510 |
| 2018-10-01 | $289,186 (13.5%) | $467,823 (4.9%) | 0.98 | 1,482 |
| 2018-11-01 | $284,500 (16.1%) | $472,701 (11.4%) | 0.96 | 1,411 |
| 2018-12-01 | $274,450 (19.4%) | $448,322 (8.9%) | 0.95 | 1,250 |
| 2019-01-01 | $267,250 (17.2%) | $443,099 (15.7%) | 0.92 | 1,135 |
| 2019-02-01 | $281,875 (22.9%) | $466,765 (20.5%) | 0.95 | 1,141 |
| 2019-03-01 | $289,900 (12.4%) | $480,597 (13.1%) | 0.97 | 1,199 |
| 2019-04-01 | $329,450 (19.8%) | $525,447 (10.1%) | 1.05 | 1,305 |
| 2019-05-01 | $349,900 (15.7%) | $549,156 (8.8%) | 1.09 | 1,380 |
| 2019-06-01 | $359,000 (19.7%) | $556,035 (12.0%) | 1.12 | 1,366 |
| 2019-07-01 | $351,925 (15.6%) | $543,075 (11.3%) | 1.10 | 1,378 |
| 2019-08-01 | $349,000 (16.7%) | $514,934 (6.5%) | 1.09 | 1,375 |
| 2019-09-01 | $359,575 (24.0%) | $539,802 (14.8%) | 1.13 | 1,167 |
| 2019-10-01 | $349,450 (20.8%) | $530,818 (13.5%) | 1.13 | 1,185 |
| 2019-11-01 | $330,000 (16.0%) | $520,641 (10.1%) | 1.08 | 1,129 |
| 2019-12-01 | $327,000 (19.2%) | $521,353 (16.3%) | 1.09 | 928 |
| 2020-01-01 | $319,995 (19.7%) | $518,551 (17.0%) | 1.07 | 829 |
| 2020-02-01 | $339,900 (20.6%) | $547,558 (17.3%) | 1.11 | 855 |
| 2020-03-01 | $369,900 (27.6%) | $593,197 (23.4%) | 1.16 | 903 |
| 2020-04-01 | $359,468 (9.1%) | $581,414 (10.7%) | 1.13 | 804 |
| 2020-05-01 | $382,500 (9.3%) | $581,568 (5.9%) | 1.16 | 792 |
| 2020-06-01 | $405,748 (13.0%) | $592,509 (6.6%) | 1.20 | 812 |
| 2020-07-01 | $405,000 (15.1%) | $615,816 (13.4%) | 1.17 | 770 |
| 2020-08-01 | $410,000 (17.5%) | $627,620 (21.9%) | 1.17 | 694 |
| 2020-09-01 | $419,750 (16.7%) | $643,962 (19.3%) | 1.20 | 654 |
| 2020-10-01 | $410,000 (17.3%) | $635,875 (19.8%) | 1.17 | 621 |
| 2020-11-01 | $382,500 (15.9%) | $618,467 (18.8%) | 1.12 | 581 |
| 2020-12-01 | $387,470 (18.5%) | $619,547 (18.8%) | 1.15 | 501 |
| 2021-01-01 | $369,950 (15.6%) | $594,876 (14.7%) | 1.10 | 390 |
| 2021-02-01 | $376,000 (10.6%) | $693,628 (26.7%) | 1.09 | 327 |
| 2021-03-01 | $399,450 (8.0%) | $702,142 (18.4%) | 1.13 | 369 |
| 2021-04-01 | $389,000 (8.2%) | $690,817 (18.8%) | 1.05 | 390 |
| 2021-05-01 | $399,900 (4.6%) | $670,871 (15.4%) | 1.06 | 473 |
| 2021-06-01 | $354,950 (-12.5%) | $595,841 (0.6%) | 0.93 | 609 |
| 2021-07-01 | $350,000 (-13.6%) | $565,521 (-8.2%) | 0.92 | 695 |
| 2021-08-01 | $354,675 (-13.5%) | $568,022 (-9.5%) | 0.95 | 660 |
| 2021-09-01 | $351,250 (-16.3%) | $580,777 (-9.8%) | 0.94 | 624 |
| 2021-10-01 | $337,000 (-17.8%) | $567,096 (-10.8%) | 0.90 | 600 |
| 2021-11-01 | $327,500 (-14.4%) | $567,324 (-8.3%) | 0.88 | 508 |
| 2021-12-01 | $293,950 (-24.1%) | $536,143 (-13.5%) | 0.80 | 412 |
| 2022-01-01 | $275,000 (-25.7%) | $539,942 (-9.2%) | 0.74 | 321 |
| 2022-02-01 | $284,950 (-24.2%) | $586,954 (-15.4%) | 0.74 | 338 |
| 2022-03-01 | $307,450 (-23.0%) | $604,047 (-14.0%) | 0.77 | 364 |
| 2022-04-01 | $329,000 (-15.4%) | $662,891 (-4.0%) | 0.78 | 396 |
| 2022-05-01 | $368,650 (-7.8%) | $684,678 (2.1%) | 0.84 | 499 |
| 2022-06-01 | $377,500 (6.4%) | $671,233 (12.7%) | 0.84 | 526 |
| 2022-07-01 | $374,900 (7.1%) | $633,418 (12.0%) | 0.85 | 573 |
| 2022-08-01 | $388,750 (9.6%) | $629,723 (10.9%) | 0.90 | 582 |
| 2022-09-01 | $375,450 (6.9%) | $619,720 (6.7%) | 0.88 | 524 |
| 2022-10-01 | $379,000 (12.5%) | $645,994 (13.9%) | 0.89 | 517 |
| 2022-11-01 | $375,000 (14.5%) | $629,725 (11.0%) | 0.90 | 519 |
| 2022-12-01 | $359,000 (22.1%) | $604,580 (12.8%) | 0.89 | 424 |
| 2023-01-01 | $369,950 (34.5%) | $611,320 (13.2%) | 0.92 | 366 |
| 2023-02-01 | $374,850 (31.6%) | $659,532 (12.4%) | 0.90 | 339 |
| 2023-03-01 | $387,000 (25.9%) | $686,810 (13.7%) | 0.91 | 332 |
| 2023-04-01 | $417,500 (26.9%) | $757,033 (14.2%) | 0.97 | 323 |
Trenton's median listing price comes in at 97% of the national average.
Trenton's average listing price for 2023-04-01 was $757,033, a difference of $94,142 (14.2%) versus the prior year and $70,223 versus the prior month.
For the 2023-04-01 period, Trenton had 323 MLS listings, a difference of -9 listings (-3%) versus the prior month and -73 listings (-18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Trenton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 95 days | 1,549 sqft |
| 2018-02-01 | 85 days | 1,557 sqft |
| 2018-03-01 | 65 days | 1,615 sqft |
| 2018-04-01 | 52 days | 1,661 sqft |
| 2018-05-01 | 50 days | 1,731 sqft |
| 2018-06-01 | 54 days | 1,736 sqft |
| 2018-07-01 | 63 days | 1,738 sqft |
| 2018-08-01 | 67 days | 1,741 sqft |
| 2018-09-01 | 73 days | 1,684 sqft |
| 2018-10-01 | 72 days | 1,706 sqft |
| 2018-11-01 | 72 days | 1,700 sqft |
| 2018-12-01 | 80 days | 1,646 sqft |
| 2019-01-01 | 85 days | 1,655 sqft |
| 2019-02-01 | 78 days | 1,681 sqft |
| 2019-03-01 | 56 days | 1,709 sqft |
| 2019-04-01 | 46 days | 1,807 sqft |
| 2019-05-01 | 47 days | 1,874 sqft |
| 2019-06-01 | 58 days | 1,897 sqft |
| 2019-07-01 | 64 days | 1,881 sqft |
| 2019-08-01 | 75 days | 1,887 sqft |
| 2019-09-01 | 81 days | 1,954 sqft |
| 2019-10-01 | 73 days | 1,874 sqft |
| 2019-11-01 | 73 days | 1,828 sqft |
| 2019-12-01 | 85 days | 1,800 sqft |
| 2020-01-01 | 89 days | 1,807 sqft |
| 2020-02-01 | 71 days | 1,891 sqft |
| 2020-03-01 | 45 days | 1,954 sqft |
| 2020-04-01 | 61 days | 1,927 sqft |
| 2020-05-01 | 75 days | 1,975 sqft |
| 2020-06-01 | 67 days | 2,019 sqft |
| 2020-07-01 | 49 days | 1,990 sqft |
| 2020-08-01 | 48 days | 1,926 sqft |
| 2020-09-01 | 46 days | 1,960 sqft |
| 2020-10-01 | 53 days | 1,931 sqft |
| 2020-11-01 | 55 days | 1,882 sqft |
| 2020-12-01 | 66 days | 1,885 sqft |
| 2021-01-01 | 70 days | 1,846 sqft |
| 2021-02-01 | 63 days | 1,795 sqft |
| 2021-03-01 | 26 days | 1,799 sqft |
| 2021-04-01 | 25 days | 1,800 sqft |
| 2021-05-01 | 28 days | 1,798 sqft |
| 2021-06-01 | 31 days | 1,648 sqft |
| 2021-07-01 | 34 days | 1,638 sqft |
| 2021-08-01 | 45 days | 1,639 sqft |
| 2021-09-01 | 49 days | 1,626 sqft |
| 2021-10-01 | 43 days | 1,620 sqft |
| 2021-11-01 | 49 days | 1,578 sqft |
| 2021-12-01 | 64 days | 1,508 sqft |
| 2022-01-01 | 59 days | 1,497 sqft |
| 2022-02-01 | 42 days | 1,492 sqft |
| 2022-03-01 | 34 days | 1,526 sqft |
| 2022-04-01 | 29 days | 1,578 sqft |
| 2022-05-01 | 31 days | 1,647 sqft |
| 2022-06-01 | 34 days | 1,679 sqft |
| 2022-07-01 | 37 days | 1,648 sqft |
| 2022-08-01 | 41 days | 1,649 sqft |
| 2022-09-01 | 49 days | 1,673 sqft |
| 2022-10-01 | 57 days | 1,650 sqft |
| 2022-11-01 | 58 days | 1,678 sqft |
| 2022-12-01 | 66 days | 1,640 sqft |
| 2023-01-01 | 76 days | 1,690 sqft |
| 2023-02-01 | 62 days | 1,687 sqft |
| 2023-03-01 | 38 days | 1,687 sqft |
| 2023-04-01 | 39 days | 1,668 sqft |
Trenton's median square footage for active listings during the 2023-04-01 period was 1,668 sqft. One year prior, the average listing was 1,578 sqft.