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Housing market/New Jersey/ZIP 08609

ACS 2023 · FY2027 SAFMR

ZIP 08609 Trenton, New Jersey

Trenton-Princeton, NJ MSA · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
13,000
Households
4,486
Median HH income
$56,932
Renter share
69.3%
Median gross rent
$1,218
Vacancy
16.1%
Pop. change
+1.9%
2BR SAFMR
$1,830
SAFMR / rent
1.502×
2–49 unit stock
1,931
LIHTC proj / units
16 / 960
HUD assisted MF
4 / 308

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 08609 · NJ — sent to you.

ZIP 08609 · NJ

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ACS rent vs 2BR SAFMR

ZIP 08609 — Trenton, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,218
2BR SAFMR$1,830
90% floor$1,647
110% ceiling$2,013

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 08609

  • 1-unit detached4909.2%
  • 1-unit attached2,28042.6%
  • 2–4 units1,08720.3%
  • 5–49 units84415.8%
  • 50+ units64612.1%
TypeUnitsShare
1-unit detached4909.2%
1-unit attached2,28042.6%
2 units (duplex)5039.4%
3–4 units58410.9%
5–9 units1512.8%
10–19 units3346.2%
20–49 units3596.7%
50+ units64612.1%
Mobile00.0%

2–4 unit share 20.3% · 5–49 unit share 15.8% · combined 2–49 36.1%.

Units by bedrooms

Studio
416
1BR
1,022
2BR
1,048
3BR
1,901
4BR
681
5+
279

Rent burden

Rent ≥30% of income51.0%
Rent ≥50% of income27.5%
  • ACS median gross rent $1,218 (all bedrooms, occupied rentals).
  • Median contract rent $1,037.
  • Renters paying ≥30% of income 51.0%; ≥50% 27.5%.
  • FY2027 2BR SAFMR $1,830 (1.502× ACS median gross rent).

Population

13,000 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 16 projects, 960 units.
  • HUD project-based assisted MF: 4 properties, 308 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 340 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 08609 69.3% of occupied households are renters; vacancy is 16.1%; ACS median gross rent is $1,218; population increased +1.9% between the 2018 and 2023 ACS vintages; the housing stock includes 1,087 units in 2–4-unit structures and 844 units in 5–49-unit structures; 16 LIHTC projects totaling 960 units; FY2027 2BR SAFMR is $1,830 versus ACS median gross rent of $1,218. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Jersey research

ZIP 08609 is a Census / HUD profile for Trenton-Princeton, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 08609 — Trenton, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
08501Trenton-Princeton, NJ MSA8.6%$1,457$1,94008512Trenton-Princeton, NJ MSA38.9%$1,584$2,25008515Trenton-Princeton, NJ MSA7.0%$2,545$2,79008520Trenton-Princeton, NJ MSA30.8%$1,556$2,24008525Trenton-Princeton, NJ MSA14.3%$1,646$2,45008530Trenton-Princeton, NJ MSA21.0%$1,641$2,59008534Trenton-Princeton, NJ MSA14.4%$2,106$2,79008540Trenton-Princeton, NJ MSA36.6%$2,083$2,89008542Trenton-Princeton, NJ MSA64.0%$2,398$3,36008543Trenton-Princeton, NJ MSA——$2,24008544Trenton-Princeton, NJ MSA100.0%—$3,00008550Trenton-Princeton, NJ MSA23.7%$2,694$3,360

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 08609?

ZIP 08609 (Trenton-Princeton, NJ MSA) has 13,000 residents, 4,486 households, a renter share of 69.3%, median household income of $56,932, and ACS 2023 median gross rent of $1,218. Vacancy is 16.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 08609?

ACS counts 503 units in 2-unit buildings, 584 in 3–4 unit buildings, 151 in 5–9, 334 in 10–19, and 359 in 20–49. Combined 2–49 unit stock is 1,931 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 08609?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,830. See the full schedule and 90–110% payment-standard band on the ZIP 08609 — Trenton, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 08609 is Census / HUD research for Trenton-Princeton, NJ MSA. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.