Home Price Key
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Average
Expensive
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 $154,274, lower than the Ohio average of $181,280.
The average cost of rent is $669/mo in New Somerset, primarily driven by the current value of real estate in the New Somerset area. While nearly 46.45% of residents own their homes outright in New Somerset, 2.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Somerset is $4,148 per month. Households that rent pay about 16.12% 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.
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: equally priced homes
- Belvedere, OH: equally priced 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: higher priced homes
- Forest Hill, MS: less expensive homes
- Eufaula Heights, WA: higher priced homes
- Era, OH: higher priced homes
- Ensenada, NM: higher priced homes
- Enon, MO: higher priced homes
- Enon, AL: less expensive homes
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