Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Somerset area can be challenging. Home prices in Somerset are now at a median cost of $868,289, lower than the Bellevue average of $885,997.
The average cost of rent is $2,794/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. While nearly 34.79% of residents own their homes outright in Somerset, 29.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $14,286 per month. Households that rent pay about 19.56% of their income on rent here. Somerset's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Newport, Bellevue, WA: less expensive homes
- Eastgate, Bellevue, WA: equally priced homes
- Factoria, Bellevue, WA: less expensive homes
- Lakemont, Bellevue, WA: higher priced homes
- Woodbridge, Bellevue, WA: higher priced homes
- West Lake Sammamish, Bellevue, WA: higher priced homes
- Wilburton, Bellevue, WA: equally priced homes
- Lake Hills, Bellevue, WA: less expensive homes
- Kennydale, Renton, WA: less expensive homes
- Meydenbauer, Bellevue, WA: higher priced homes
Neighborhoods with Similar Populations
- Garrison Park, Austin, TX: less expensive homes
- St. Lucie West, Port St. Lucie, FL: less expensive homes
- Springwells, Detroit, MI: less expensive homes
- South End Hartford, Hartford, CT: less expensive homes
- Iron Triangle, Richmond, CA: less expensive homes
- Greenfield, Detroit, MI: less expensive homes
- Green Haven, Pasadena, MD: less expensive homes
- Granville Gardens, Chicago, IL: less expensive homes
- Gold Coast, Alameda, CA: higher priced homes
- Glencliff, Nashville, TN: less expensive homes
All Local Stats
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