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 0.18% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2022-11-18) was 6.73% and one month ago for the week of 2022-10-21, the average rate was 6.84%.

The average rate one year ago was 3.08%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.1%.

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 2021 Avg. 30yFix Rate 2021 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%) $383,148 (-4.3%) 0.85 1,160
2018-02-01 $229,375 (2.0%) $387,437 (-2.7%) 0.83 1,208
2018-03-01 $256,500 (11.8%) $424,775 (0.2%) 0.90 1,195
2018-04-01 $274,900 (6.1%) $476,853 (5.2%) 0.93 1,318
2018-05-01 $302,450 (12.3%) $504,375 (6.7%) 1.01 1,403
2018-06-01 $300,000 (9.1%) $496,671 (2.3%) 1.00 1,488
2018-07-01 $304,450 (9.1%) $487,696 (0.6%) 1.02 1,519
2018-08-01 $299,000 (10.9%) $483,378 (4.1%) 1.00 1,500
2018-09-01 $290,000 (10.4%) $469,867 (2.4%) 0.97 1,511
2018-10-01 $289,000 (13.4%) $467,543 (3.6%) 0.98 1,483
2018-11-01 $284,475 (16.1%) $472,410 (11.2%) 0.96 1,412
2018-12-01 $274,000 (19.1%) $447,999 (8.7%) 0.95 1,251
2019-01-01 $267,125 (17.1%) $442,758 (15.6%) 0.92 1,136
2019-02-01 $281,000 (22.5%) $466,407 (20.4%) 0.95 1,142
2019-03-01 $305,693 (19.2%) $490,779 (15.5%) 1.00 1,225
2019-04-01 $328,925 (19.7%) $525,115 (10.1%) 1.04 1,307
2019-05-01 $349,900 (15.7%) $548,661 (8.8%) 1.09 1,383
2019-06-01 $359,000 (19.7%) $555,438 (11.8%) 1.12 1,369
2019-07-01 $351,900 (15.6%) $542,507 (11.2%) 1.10 1,381
2019-08-01 $349,245 (16.8%) $534,572 (10.6%) 1.11 1,324
2019-09-01 $349,614 (20.6%) $534,960 (13.9%) 1.12 1,242
2019-10-01 $349,409 (20.9%) $535,219 (14.5%) 1.13 1,189
2019-11-01 $330,000 (16.0%) $528,226 (11.8%) 1.08 1,132
2019-12-01 $327,000 (19.3%) $530,122 (18.3%) 1.09 931
2020-01-01 $319,998 (19.8%) $528,347 (19.3%) 1.07 832
2020-02-01 $339,900 (21.0%) $547,305 (17.3%) 1.11 856
2020-03-01 $369,900 (21.0%) $592,503 (20.7%) 1.16 905
2020-04-01 $359,468 (9.3%) $580,656 (10.6%) 1.13 806
2020-05-01 $382,500 (9.3%) $580,795 (5.9%) 1.16 794
2020-06-01 $405,748 (13.0%) $596,875 (7.5%) 1.19 814
2020-07-01 $406,000 (15.4%) $625,710 (15.3%) 1.18 773
2020-08-01 $411,250 (17.8%) $638,291 (19.4%) 1.18 697
2020-09-01 $420,000 (20.1%) $655,763 (22.6%) 1.20 657
2020-10-01 $410,000 (17.3%) $647,729 (21.0%) 1.17 624
2020-11-01 $382,500 (15.9%) $630,565 (19.4%) 1.12 585
2020-12-01 $387,473 (18.5%) $633,722 (19.5%) 1.15 505
2021-01-01 $370,000 (15.6%) $611,179 (15.7%) 1.10 394
2021-02-01 $377,000 (10.9%) $714,848 (30.6%) 1.10 330
2021-03-01 $399,450 (8.0%) $716,726 (21.0%) 1.13 371
2021-04-01 $389,000 (8.2%) $703,576 (21.2%) 1.05 392
2021-05-01 $399,900 (4.6%) $682,301 (17.5%) 1.06 474
2021-06-01 $354,950 (-12.5%) $605,344 (1.4%) 0.93 610
2021-07-01 $350,000 (-13.8%) $571,904 (-8.6%) 0.92 694
2021-08-01 $354,900 (-13.7%) $575,400 (-9.9%) 0.95 658
2021-09-01 $354,950 (-15.5%) $588,357 (-10.3%) 0.95 623
2021-10-01 $339,000 (-17.3%) $576,895 (-10.9%) 0.90 600
2021-11-01 $327,500 (-14.4%) $582,354 (-7.7%) 0.87 510
2021-12-01 $294,450 (-24.0%) $551,222 (-13.0%) 0.80 414
2022-01-01 $277,450 (-25.0%) $564,036 (-7.7%) 0.75 323
2022-02-01 $285,425 (-24.3%) $609,026 (-14.8%) 0.74 341
2022-03-01 $307,475 (-23.0%) $623,681 (-13.0%) 0.77 367
2022-04-01 $329,000 (-15.4%) $677,762 (-3.7%) 0.79 399
2022-05-01 $370,000 (-7.5%) $699,698 (2.6%) 0.85 502
2022-06-01 $377,500 (6.4%) $684,989 (13.2%) 0.84 529
2022-07-01 $374,950 (7.1%) $646,120 (13.0%) 0.85 576
2022-08-01 $388,775 (9.5%) $642,869 (11.7%) 0.90 585
2022-09-01 $375,225 (5.7%) $632,359 (7.5%) 0.88 525
2022-10-01 $377,500 (11.4%) $655,703 (13.7%) 0.89 517
Trenton's median listing price for 2022-10-01 was $377,500, a difference of $38,500 (11.4%) versus the prior year and $2,275 versus the prior month.

Trenton's median listing price comes in at 89% of the national average.

Trenton's average listing price for 2022-10-01 was $655,703, a difference of $78,808 (13.7%) versus the prior year and $23,344 versus the prior month.

For the 2022-10-01 period, Trenton had 517 MLS listings, a difference of -8 listings (-2%) versus the prior month and -83 listings (-14%) 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 1,544 sqft
2018-02-01 85 days 1,552 sqft
2018-03-01 65 days 1,604 sqft
2018-04-01 52 days 1,656 sqft
2018-05-01 50 days 1,730 sqft
2018-06-01 54 days 1,734 sqft
2018-07-01 63 days 1,737 sqft
2018-08-01 67 days 1,737 sqft
2018-09-01 73 days 1,680 sqft
2018-10-01 72 days 1,700 sqft
2018-11-01 72 days 1,695 sqft
2018-12-01 80 days 1,634 sqft
2019-01-01 85 days 1,647 sqft
2019-02-01 78 days 1,681 sqft
2019-03-01 58 days 1,750 sqft
2019-04-01 47 days 1,806 sqft
2019-05-01 47 days 1,872 sqft
2019-06-01 58 days 1,897 sqft
2019-07-01 64 days 1,884 sqft
2019-08-01 67 days 1,884 sqft
2019-09-01 69 days 1,884 sqft
2019-10-01 72 days 1,876 sqft
2019-11-01 73 days 1,835 sqft
2019-12-01 85 days 1,804 sqft
2020-01-01 89 days 1,812 sqft
2020-02-01 71 days 1,886 sqft
2020-03-01 45 days 1,956 sqft
2020-04-01 61 days 1,925 sqft
2020-05-01 75 days 1,975 sqft
2020-06-01 68 days 2,023 sqft
2020-07-01 49 days 1,990 sqft
2020-08-01 49 days 1,936 sqft
2020-09-01 46 days 1,967 sqft
2020-10-01 54 days 1,950 sqft
2020-11-01 55 days 1,876 sqft
2020-12-01 67 days 1,885 sqft
2021-01-01 70 days 1,835 sqft
2021-02-01 64 days 1,795 sqft
2021-03-01 27 days 1,812 sqft
2021-04-01 25 days 1,810 sqft
2021-05-01 28 days 1,804 sqft
2021-06-01 31 days 1,650 sqft
2021-07-01 34 days 1,644 sqft
2021-08-01 46 days 1,644 sqft
2021-09-01 49 days 1,635 sqft
2021-10-01 43 days 1,620 sqft
2021-11-01 49 days 1,584 sqft
2021-12-01 64 days 1,524 sqft
2022-01-01 59 days 1,500 sqft
2022-02-01 43 days 1,496 sqft
2022-03-01 35 days 1,527 sqft
2022-04-01 29 days 1,580 sqft
2022-05-01 31 days 1,649 sqft
2022-06-01 34 days 1,681 sqft
2022-07-01 38 days 1,648 sqft
2022-08-01 42 days 1,658 sqft
2022-09-01 50 days 1,674 sqft
2022-10-01 57 days 1,648 sqft
Trenton's median listing age (time on market) for 2022-10-01 was 57 days. This is 33% longer than the same period one year ago.

Trenton's median square footage for active listings during the 2022-10-01 period was 1,648 sqft. One year prior, the average listing was 1,620 sqft.