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 6.4% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Trenton's average USDA mortgage closing costs are $7,679.

The average rate for the prior week (2024-02-23) was 6.25% and one month ago for the week of 2024-01-26, the average rate was 5.91%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.29%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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 $228,750 (5.4%) $383,689 (-4.2%) 0.85 1,155
2018-02-01 $229,500 (2.1%) $388,262 (-2.4%) 0.83 1,207
2018-03-01 $255,000 (11.1%) $424,893 (0.3%) 0.89 1,194
2018-04-01 $274,900 (6.1%) $476,997 (5.0%) 0.93 1,316
2018-05-01 $302,450 (12.1%) $504,524 (6.6%) 1.01 1,401
2018-06-01 $300,000 (9.1%) $496,896 (2.0%) 1.00 1,486
2018-07-01 $304,450 (8.8%) $487,579 (0.3%) 1.02 1,517
2018-08-01 $299,000 (10.8%) $483,123 (3.8%) 1.00 1,497
2018-09-01 $289,900 (9.7%) $469,566 (2.1%) 0.97 1,508
2018-10-01 $289,000 (13.4%) $467,377 (3.3%) 0.98 1,481
2018-11-01 $283,700 (14.9%) $472,306 (10.9%) 0.96 1,411
2018-12-01 $270,000 (17.4%) $447,731 (8.3%) 0.93 1,245
2019-01-01 $267,000 (16.7%) $443,245 (15.5%) 0.92 1,136
2019-02-01 $282,100 (22.9%) $467,039 (20.3%) 0.95 1,142
2019-03-01 $306,143 (20.1%) $491,375 (15.7%) 1.00 1,224
2019-04-01 $329,450 (19.8%) $525,647 (10.2%) 1.05 1,306
2019-05-01 $349,900 (15.7%) $549,243 (8.9%) 1.09 1,382
2019-06-01 $359,000 (19.7%) $556,320 (12.0%) 1.12 1,367
2019-07-01 $352,147 (15.7%) $543,373 (11.4%) 1.10 1,377
2019-08-01 $349,245 (16.8%) $535,440 (10.8%) 1.11 1,321
2019-09-01 $349,614 (20.6%) $535,595 (14.1%) 1.12 1,239
2019-10-01 $349,634 (21.0%) $535,699 (14.6%) 1.13 1,186
2019-11-01 $330,000 (16.3%) $529,155 (12.0%) 1.08 1,129
2019-12-01 $327,000 (21.1%) $530,701 (18.5%) 1.09 929
2020-01-01 $320,725 (20.1%) $529,696 (19.5%) 1.07 829
2020-02-01 $339,900 (20.5%) $548,508 (17.4%) 1.11 854
2020-03-01 $370,550 (21.0%) $593,569 (20.8%) 1.16 902
2020-04-01 $361,000 (9.6%) $581,581 (10.6%) 1.13 803
2020-05-01 $385,000 (10.0%) $581,959 (6.0%) 1.17 791
2020-06-01 $405,970 (13.1%) $593,186 (6.6%) 1.20 811
2020-07-01 $402,445 (14.3%) $616,959 (13.5%) 1.17 765
2020-08-01 $407,000 (16.5%) $628,917 (17.5%) 1.17 689
2020-09-01 $420,000 (20.1%) $646,806 (20.8%) 1.20 651
2020-10-01 $410,000 (17.3%) $639,360 (19.4%) 1.17 620
2020-11-01 $382,500 (15.9%) $621,843 (17.5%) 1.12 581
2020-12-01 $387,470 (18.5%) $627,056 (18.2%) 1.15 502
2021-01-01 $371,250 (15.8%) $612,648 (15.7%) 1.11 393
2021-02-01 $377,000 (10.9%) $718,218 (30.9%) 1.10 328
2021-03-01 $399,450 (7.8%) $724,112 (22.0%) 1.13 370
2021-04-01 $389,225 (7.8%) $710,502 (22.2%) 1.05 391
2021-05-01 $399,900 (3.9%) $686,924 (18.0%) 1.06 474
2021-06-01 $355,200 (-12.5%) $609,571 (2.8%) 0.94 610
2021-07-01 $350,000 (-13.0%) $576,887 (-6.5%) 0.92 697
2021-08-01 $354,900 (-12.8%) $580,077 (-7.8%) 0.95 662
2021-09-01 $355,950 (-15.3%) $594,873 (-8.0%) 0.95 625
2021-10-01 $339,000 (-17.3%) $580,945 (-9.1%) 0.90 601
2021-11-01 $327,500 (-14.4%) $582,731 (-6.3%) 0.88 509
2021-12-01 $294,200 (-24.1%) $554,034 (-11.7%) 0.80 413
2022-01-01 $275,000 (-25.9%) $549,949 (-10.2%) 0.74 322
2022-02-01 $284,975 (-24.4%) $610,949 (-14.9%) 0.74 339
2022-03-01 $307,475 (-23.0%) $625,471 (-13.6%) 0.77 365
2022-04-01 $329,450 (-15.4%) $680,449 (-4.2%) 0.79 396
2022-05-01 $372,000 (-7.0%) $702,000 (2.2%) 0.85 499
2022-06-01 $377,500 (6.3%) $686,923 (12.7%) 0.84 527
2022-07-01 $374,950 (7.1%) $647,359 (12.2%) 0.84 574
2022-08-01 $388,775 (9.5%) $644,129 (11.0%) 0.90 583
2022-09-01 $375,225 (5.4%) $633,640 (6.5%) 0.88 523
2022-10-01 $377,500 (11.4%) $657,124 (13.1%) 0.89 515
2022-11-01 $374,900 (14.5%) $625,282 (7.3%) 0.90 516
2022-12-01 $357,111 (21.4%) $603,398 (8.9%) 0.88 423
2023-01-01 $369,950 (34.5%) $611,320 (11.2%) 0.92 366
2023-02-01 $374,850 (31.5%) $659,532 (8.0%) 0.90 339
2023-03-01 $387,000 (25.9%) $686,810 (9.8%) 0.91 332
2023-04-01 $419,999 (27.5%) $757,033 (11.3%) 0.98 323
2023-05-01 $460,975 (23.9%) $787,754 (12.2%) 1.05 322
2023-06-01 $495,500 (31.3%) $822,369 (19.7%) 1.11 350
2023-07-01 $454,950 (21.3%) $823,059 (27.1%) 1.03 354
2023-08-01 $444,900 (14.4%) $797,017 (23.7%) 1.02 377
2023-09-01 $420,000 (11.9%) $771,254 (21.7%) 0.98 382
2023-10-01 $427,450 (13.2%) $736,988 (12.2%) 1.01 410
2023-11-01 $394,894 (5.3%) $695,871 (11.3%) 0.94 381
2023-12-01 $380,000 (6.4%) $610,747 (1.2%) 0.93 324
2024-01-01 $392,000 (6.0%) $617,829 (1.1%) 0.96 301
Trenton's median listing price for 2024-01-01 was $392,000, a difference of $22,050 (6.0%) versus the prior year and $12,000 versus the prior month.

Trenton's median listing price comes in at 96% of the national average.

Trenton's average listing price for 2024-01-01 was $617,829, a difference of $6,509 (1.1%) versus the prior year and $7,082 versus the prior month.

For the 2024-01-01 period, Trenton had 301 MLS listings, a difference of -23 listings (-7%) versus the prior month and -65 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 88 days 1,553 sqft
2018-02-01 78 days 1,562 sqft
2018-03-01 58 days 1,617 sqft
2018-04-01 47 days 1,677 sqft
2018-05-01 46 days 1,740 sqft
2018-06-01 51 days 1,746 sqft
2018-07-01 60 days 1,745 sqft
2018-08-01 63 days 1,747 sqft
2018-09-01 68 days 1,705 sqft
2018-10-01 66 days 1,712 sqft
2018-11-01 67 days 1,714 sqft
2018-12-01 76 days 1,656 sqft
2019-01-01 81 days 1,659 sqft
2019-02-01 72 days 1,702 sqft
2019-03-01 52 days 1,759 sqft
2019-04-01 44 days 1,821 sqft
2019-05-01 45 days 1,893 sqft
2019-06-01 55 days 1,905 sqft
2019-07-01 59 days 1,886 sqft
2019-08-01 62 days 1,885 sqft
2019-09-01 65 days 1,885 sqft
2019-10-01 68 days 1,876 sqft
2019-11-01 71 days 1,844 sqft
2019-12-01 83 days 1,814 sqft
2020-01-01 87 days 1,821 sqft
2020-02-01 68 days 1,894 sqft
2020-03-01 43 days 1,957 sqft
2020-04-01 58 days 1,944 sqft
2020-05-01 74 days 1,979 sqft
2020-06-01 61 days 2,019 sqft
2020-07-01 46 days 1,990 sqft
2020-08-01 44 days 1,926 sqft
2020-09-01 43 days 1,990 sqft
2020-10-01 48 days 1,964 sqft
2020-11-01 50 days 1,897 sqft
2020-12-01 60 days 1,900 sqft
2021-01-01 64 days 1,863 sqft
2021-02-01 55 days 1,823 sqft
2021-03-01 24 days 1,827 sqft
2021-04-01 24 days 1,825 sqft
2021-05-01 26 days 1,820 sqft
2021-06-01 30 days 1,656 sqft
2021-07-01 33 days 1,643 sqft
2021-08-01 43 days 1,646 sqft
2021-09-01 48 days 1,634 sqft
2021-10-01 42 days 1,622 sqft
2021-11-01 48 days 1,583 sqft
2021-12-01 63 days 1,519 sqft
2022-01-01 58 days 1,497 sqft
2022-02-01 40 days 1,486 sqft
2022-03-01 33 days 1,515 sqft
2022-04-01 26 days 1,568 sqft
2022-05-01 30 days 1,646 sqft
2022-06-01 33 days 1,688 sqft
2022-07-01 36 days 1,651 sqft
2022-08-01 40 days 1,656 sqft
2022-09-01 48 days 1,676 sqft
2022-10-01 55 days 1,650 sqft
2022-11-01 56 days 1,683 sqft
2022-12-01 64 days 1,646 sqft
2023-01-01 74 days 1,698 sqft
2023-02-01 55 days 1,680 sqft
2023-03-01 37 days 1,691 sqft
2023-04-01 37 days 1,674 sqft
2023-05-01 32 days 1,695 sqft
2023-06-01 30 days 1,818 sqft
2023-07-01 33 days 1,764 sqft
2023-08-01 31 days 1,704 sqft
2023-09-01 33 days 1,660 sqft
2023-10-01 36 days 1,705 sqft
2023-11-01 42 days 1,597 sqft
2023-12-01 46 days 1,566 sqft
2024-01-01 51 days 1,574 sqft
Trenton's median listing age (time on market) for 2024-01-01 was 51 days. This is -31% shorter than the same period one year ago.

Trenton's median square footage for active listings during the 2024-01-01 period was 1,574 sqft. One year prior, the average listing was 1,698 sqft.