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%.
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 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 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.
