Trenton USDA Loans
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
5.47%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.11% and
one month ago for the week of 2022-04-08, the
average rate was 4.77%.
The average rate one year ago was 2.98%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.29%.
Trenton USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Trenton level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|
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 | $244,950 (2.3%) | $399,536 (-2.9%) | 0.90 | 1,304 |
| 2018-02-01 | $249,000 (2.9%) | $403,980 (-1.7%) | 0.90 | 1,360 |
| 2018-03-01 | $279,900 (11.0%) | $436,297 (0.0%) | 0.97 | 1,352 |
| 2018-04-01 | $304,450 (8.8%) | $475,084 (2.2%) | 1.02 | 1,491 |
| 2018-05-01 | $335,000 (12.1%) | $503,485 (6.1%) | 1.12 | 1,614 |
| 2018-06-01 | $339,000 (13.2%) | $499,097 (3.0%) | 1.13 | 1,725 |
| 2018-07-01 | $337,000 (12.3%) | $486,763 (0.7%) | 1.12 | 1,788 |
| 2018-08-01 | $329,500 (8.2%) | $481,724 (2.3%) | 1.10 | 1,757 |
| 2018-09-01 | $319,900 (8.6%) | $470,512 (2.3%) | 1.07 | 1,770 |
| 2018-10-01 | $317,450 (13.4%) | $465,831 (3.1%) | 1.06 | 1,743 |
| 2018-11-01 | $314,450 (18.9%) | $469,671 (7.7%) | 1.05 | 1,655 |
| 2018-12-01 | $298,999 (19.7%) | $446,345 (5.1%) | 1.02 | 1,427 |
| 2019-01-01 | $289,745 (18.3%) | $441,225 (10.4%) | 1.00 | 1,288 |
| 2019-02-01 | $300,000 (20.5%) | $462,930 (14.6%) | 1.01 | 1,304 |
| 2019-03-01 | $326,014 (16.5%) | $483,404 (10.8%) | 1.06 | 1,407 |
| 2019-04-01 | $348,700 (14.5%) | $512,042 (7.8%) | 1.10 | 1,506 |
| 2019-05-01 | $379,450 (13.3%) | $534,496 (6.2%) | 1.17 | 1,627 |
| 2019-06-01 | $385,000 (13.6%) | $545,943 (9.4%) | 1.19 | 1,616 |
| 2019-07-01 | $375,750 (11.5%) | $535,918 (10.1%) | 1.17 | 1,653 |
| 2019-08-01 | $371,871 (12.9%) | $524,913 (9.0%) | 1.17 | 1,551 |
| 2019-09-01 | $376,500 (17.7%) | $529,109 (12.5%) | 1.20 | 1,453 |
| 2019-10-01 | $372,200 (17.3%) | $541,755 (16.3%) | 1.19 | 1,405 |
| 2019-11-01 | $349,900 (11.3%) | $538,250 (14.6%) | 1.13 | 1,335 |
| 2019-12-01 | $342,500 (14.6%) | $534,601 (19.8%) | 1.14 | 1,118 |
| 2020-01-01 | $339,900 (17.3%) | $532,410 (20.7%) | 1.13 | 1,018 |
| 2020-02-01 | $359,900 (20.0%) | $553,986 (19.7%) | 1.16 | 1,049 |
| 2020-03-01 | $387,700 (18.9%) | $592,667 (22.6%) | 1.21 | 1,107 |
| 2020-04-01 | $382,500 (9.7%) | $582,690 (13.8%) | 1.19 | 1,022 |
| 2020-05-01 | $399,888 (5.4%) | $572,382 (7.1%) | 1.21 | 993 |
| 2020-06-01 | $422,815 (9.8%) | $601,276 (10.1%) | 1.23 | 996 |
| 2020-07-01 | $425,000 (13.1%) | $612,116 (14.2%) | 1.22 | 950 |
| 2020-08-01 | $429,000 (15.4%) | $627,006 (19.5%) | 1.23 | 844 |
| 2020-09-01 | $429,890 (14.2%) | $634,573 (19.9%) | 1.23 | 781 |
| 2020-10-01 | $425,000 (14.2%) | $619,905 (14.4%) | 1.21 | 763 |
| 2020-11-01 | $414,450 (18.5%) | $611,842 (13.7%) | 1.19 | 724 |
| 2020-12-01 | $409,900 (19.7%) | $601,238 (12.5%) | 1.20 | 624 |
| 2021-01-01 | $389,900 (14.7%) | $592,981 (11.4%) | 1.15 | 508 |
| 2021-02-01 | $404,500 (12.4%) | $688,961 (24.4%) | 1.16 | 416 |
| 2021-03-01 | $410,000 (5.8%) | $690,859 (16.6%) | 1.15 | 453 |
| 2021-04-01 | $399,975 (4.6%) | $678,877 (16.5%) | 1.07 | 498 |
| 2021-05-01 | $415,000 (3.8%) | $656,767 (14.7%) | 1.09 | 589 |
| 2021-06-01 | $377,600 (-10.7%) | $585,500 (-2.6%) | 0.98 | 746 |
| 2021-07-01 | $377,000 (-11.3%) | $570,097 (-6.9%) | 0.98 | 836 |
| 2021-08-01 | $382,450 (-10.9%) | $566,539 (-9.6%) | 1.01 | 825 |
| 2021-09-01 | $379,950 (-11.6%) | $576,108 (-9.2%) | 1.00 | 774 |
| 2021-10-01 | $354,900 (-16.5%) | $563,857 (-9.0%) | 0.93 | 734 |
| 2021-11-01 | $349,450 (-15.7%) | $562,775 (-8.0%) | 0.92 | 611 |
| 2021-12-01 | $312,450 (-23.8%) | $528,717 (-12.1%) | 0.83 | 487 |
| 2022-01-01 | $299,900 (-23.1%) | $541,068 (-8.8%) | 0.80 | 401 |
| 2022-02-01 | $299,950 (-25.9%) | $566,557 (-17.8%) | 0.76 | 421 |
| 2022-03-01 | $332,000 (-19.0%) | $609,137 (-11.8%) | 0.82 | 442 |
| 2022-04-01 | $363,000 (-9.2%) | $659,739 (-2.8%) | 0.85 | 475 |
Trenton's median listing price comes in at 85% of the national average.
Trenton's average listing price for 2022-04-01 was $659,739, a difference of $-19,138 (-2.8%) versus the prior year and $50,602 versus the prior month.
For the 2022-04-01 period, Trenton had 475 MLS listings, a difference of 33 listings (7%) versus the prior month and -23 listings (-5%) 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 | 94 days | 1,566 sqft |
| 2018-02-01 | 82 days | 1,567 sqft |
| 2018-03-01 | 61 days | 1,615 sqft |
| 2018-04-01 | 51 days | 1,661 sqft |
| 2018-05-01 | 48 days | 1,735 sqft |
| 2018-06-01 | 54 days | 1,741 sqft |
| 2018-07-01 | 60 days | 1,750 sqft |
| 2018-08-01 | 66 days | 1,755 sqft |
| 2018-09-01 | 72 days | 1,708 sqft |
| 2018-10-01 | 71 days | 1,712 sqft |
| 2018-11-01 | 71 days | 1,711 sqft |
| 2018-12-01 | 80 days | 1,656 sqft |
| 2019-01-01 | 85 days | 1,690 sqft |
| 2019-02-01 | 78 days | 1,727 sqft |
| 2019-03-01 | 53 days | 1,766 sqft |
| 2019-04-01 | 46 days | 1,817 sqft |
| 2019-05-01 | 47 days | 1,902 sqft |
| 2019-06-01 | 56 days | 1,908 sqft |
| 2019-07-01 | 62 days | 1,896 sqft |
| 2019-08-01 | 70 days | 1,896 sqft |
| 2019-09-01 | 73 days | 1,915 sqft |
| 2019-10-01 | 70 days | 1,902 sqft |
| 2019-11-01 | 71 days | 1,856 sqft |
| 2019-12-01 | 82 days | 1,843 sqft |
| 2020-01-01 | 84 days | 1,827 sqft |
| 2020-02-01 | 67 days | 1,870 sqft |
| 2020-03-01 | 44 days | 1,925 sqft |
| 2020-04-01 | 60 days | 1,914 sqft |
| 2020-05-01 | 74 days | 1,924 sqft |
| 2020-06-01 | 70 days | 2,005 sqft |
| 2020-07-01 | 49 days | 1,987 sqft |
| 2020-08-01 | 50 days | 1,932 sqft |
| 2020-09-01 | 51 days | 1,925 sqft |
| 2020-10-01 | 52 days | 1,922 sqft |
| 2020-11-01 | 55 days | 1,866 sqft |
| 2020-12-01 | 68 days | 1,854 sqft |
| 2021-01-01 | 77 days | 1,825 sqft |
| 2021-02-01 | 70 days | 1,765 sqft |
| 2021-03-01 | 37 days | 1,791 sqft |
| 2021-04-01 | 29 days | 1,773 sqft |
| 2021-05-01 | 33 days | 1,782 sqft |
| 2021-06-01 | 36 days | 1,660 sqft |
| 2021-07-01 | 36 days | 1,656 sqft |
| 2021-08-01 | 43 days | 1,660 sqft |
| 2021-09-01 | 49 days | 1,661 sqft |
| 2021-10-01 | 45 days | 1,647 sqft |
| 2021-11-01 | 51 days | 1,609 sqft |
| 2021-12-01 | 66 days | 1,536 sqft |
| 2022-01-01 | 62 days | 1,500 sqft |
| 2022-02-01 | 45 days | 1,500 sqft |
| 2022-03-01 | 42 days | 1,524 sqft |
| 2022-04-01 | 34 days | 1,628 sqft |
Trenton's median square footage for active listings during the 2022-04-01 period was 1,628 sqft. One year prior, the average listing was 1,773 sqft.
