Somerset Housing Information - Census

IndexSomersetNew JerseyNational
Median home price$305,500$316,400$184,700
Median rent asked$1,461$1,213$949
Avg. people per household2.62.72.6
Owner occupied households75.8%64.1%63.6%
Renter occupied households24.2%35.9%36.4%

Somerset Housing Information - Zillow

IndexSomersetNew JerseyNational
Zillow home value index$283,833$313,560$213,146
Year over year appreciation rate4.88%10.64%8.00%
5 year average appreciation rate3.60%4.27%6.57%
10 year average appreciation rate-1.29%-0.86%1.33%

Did you know?

  • The median home price in Somerset is 65% higher than the national average.
  • The median rent asked in Somerset is 54% higher than the national average.
  • The average number of people per household in Somerset is 2% lower than the national average.
  • The number of owner occupied households in Somerset is 19% higher than the national average.
  • The number of renter occupied households in Somerset is 33% lower than the national average.

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Compare Somerset, NJ Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Zarephath, NJ8$0100%
Rossmoor, NJ2,904$90,60051%
Clearbrook Park, NJ3,114$155,00016%
Concordia, NJ3,156$166,50010%
Roselle, NJ21,507$204,80011%
Somerset, NJ23,989$305,50065%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Coral Terrace, FL23,983$272,40047%
Peekskill, NY23,977$289,10057%
Searcy, AR23,969$140,30024%
Rock Springs, WY23,967$203,80010%
Carteret, NJ23,966$259,90041%
Somerset, NJ23,989$305,50065%
Source: The Somerset, NJ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.