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's 1 lenders originated 1 USDA loans during 2023. The total origination value was $175,000, with an average USDA loan value of $175,000.
Trenton USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Trenton
averaged
6.32%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Trenton's average USDA mortgage closing costs are $7,594.
The average rate for the prior week (2024-12-06) was
6.55% and
one month ago for the week of 2024-11-08, the
average rate was 6.67%.
The average rate one year ago was 6.64%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.64%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. | 1 | 7.75% | $6,320 |
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 |
| 2024-02-01 | $384,500 (2.6%) | $606,657 (-8.0%) | 0.93 | 298 |
| 2024-03-01 | $399,900 (3.3%) | $657,574 (-4.3%) | 0.94 | 317 |
| 2024-04-01 | $447,475 (6.5%) | $708,887 (-6.4%) | 1.04 | 359 |
| 2024-05-01 | $454,475 (-1.4%) | $770,883 (-2.1%) | 1.03 | 397 |
| 2024-06-01 | $469,000 (-5.4%) | $809,986 (-1.5%) | 1.05 | 418 |
| 2024-07-01 | $460,000 (1.1%) | $781,129 (-5.1%) | 1.05 | 438 |
| 2024-08-01 | $450,000 (1.2%) | $719,684 (-9.7%) | 1.05 | 493 |
| 2024-09-01 | $461,000 (9.8%) | $718,025 (-6.9%) | 1.08 | 542 |
| 2024-10-01 | $470,950 (10.2%) | $719,233 (-2.4%) | 1.11 | 543 |
| 2024-11-01 | $449,900 (13.9%) | $709,934 (2.0%) | 1.08 | 520 |
Trenton's median listing price comes in at 108% of the national average.
Trenton's average listing price for 2024-11-01 was $709,934, a difference of $14,063 (2.0%) versus the prior year and $-9,299 versus the prior month.
For the 2024-11-01 period, Trenton had 520 MLS listings, a difference of -23 listings (-4%) versus the prior month and 139 listings (36%) 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 | 1,925 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 | 1,578 sqft |
| 2024-02-01 | 36 days | 1,575 sqft |
| 2024-03-01 | 33 days | 1,687 sqft |
| 2024-04-01 | 25 days | 1,718 sqft |
| 2024-05-01 | 25 days | 1,705 sqft |
| 2024-06-01 | 29 days | 1,737 sqft |
| 2024-07-01 | 40 days | 1,739 sqft |
| 2024-08-01 | 34 days | 1,709 sqft |
| 2024-09-01 | 36 days | 1,695 sqft |
| 2024-10-01 | 41 days | 1,710 sqft |
| 2024-11-01 | 48 days | 1,634 sqft |
Trenton's median square footage for active listings during the 2024-11-01 period was 1,634 sqft. One year prior, the average listing was 1,597 sqft.