Although Trappe has been densely settled and contains more agricultural land than any other borough in the county, only one active farm remains. There are many small businesses along the main street of the borough along with many old historic landmarks which have been nicely preserved. One large townhouse development in the borough has been the primary factor in the rise in both population and housing units between 1980 and 1990.
Some residential development is planned for the future.
Residents and businesses in the borough sometimes use Collegeville for their mailing address. Currently the northern half of the borough has no public water or sewer facilities. Police protection is provided by the Pennsylvania State Police. Fire protection is provided by volunteer companies. Residential trash disposal is arranged by private contractors.