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These days, finding an affordable place to live in the New Somerset area can be challenging. Home prices in New Somerset are now at a median cost of $198,525, lower than the Ohio average of $236,816.
The average cost of rent is $827/mo in New Somerset, primarily driven by the current value of real estate in the New Somerset area. In New Somerset, 11.19% of households rent, and 56.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Somerset is $5,256 per month. Households that rent pay about 15.73% of their income on rent here. New Somerset’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Irondale, OH: less expensive homes
- Richmond, OH: less expensive homes
- Hammondsville, OH: less expensive homes
- New Salisbury, OH: less expensive homes
- Empire, OH: less expensive homes
- Stratton, OH: less expensive homes
- Toronto, OH: less expensive homes
- Reeds Mill, OH: less expensive homes
- Belvedere, OH: less expensive homes
- Bergholz, OH: less expensive homes
Cities with Similar Populations
- Elwood, NJ: higher priced homes
- Travellers Rest, KY: less expensive homes
- Trap, NC: less expensive homes
- Tintah, MN: equally priced homes
- Forest Hill, MS: equally priced homes
- Eufaula Heights, WA: higher priced homes
- Era, OH: higher priced homes
- Ensenada, NM: higher priced homes
- Enon, MO: equally priced homes
- Enon, AL: less expensive homes
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