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 $445,211, lower than the California average of $648,235.
The average cost of rent is $1,298/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. While nearly 30.39% of residents own their homes outright in Somerset, 12.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $5,900 per month. Households that rent pay about 21.99% of their income on rent here. Somerset's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Mount Aukum, CA: equally priced homes
- Omo Ranch, CA: less expensive homes
- River Pines, CA: less expensive homes
- Outingdale, CA: less expensive homes
- Grizzly Flats, CA: less expensive homes
- Fiddletown, CA: higher priced homes
- Camino, CA: equally priced homes
- Diamond Springs, CA: less expensive homes
- Pollock Pines, CA: less expensive homes
- Volcano, CA: equally priced homes
Cities with Similar Populations
- Glenwood City, WI: less expensive homes
- Midway, TN: less expensive homes
- Mount Vernon, GA: less expensive homes
- Lost Hills, CA: less expensive homes
- Boston, GA: less expensive homes
- Kimball, MN: less expensive homes
- Jeffersonville, GA: less expensive homes
- Hiram, OH: less expensive homes
- Hinckley, IL: less expensive homes
- Hickory Grove, VA: higher priced homes
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