Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Somerset Center area can be challenging. Home prices in Somerset Center are now at a median cost of $176,699, lower than the Michigan average of $196,062.
The average cost of rent is $1,016/mo in Somerset Center, primarily driven by the current value of real estate in the Somerset Center area. While nearly 29.84% of residents own their homes outright in Somerset Center, 8.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerset Center is $5,742 per month. Households that rent pay about 17.69% of their income on rent here. Somerset Center's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Jerome, MI: higher priced homes
- Somerset, MI: higher priced homes
- Cement City, MI: equally priced homes
- Clarklake, MI: higher priced homes
- Addison, MI: equally priced homes
- Moscow, MI: less expensive homes
- Horton, MI: equally priced homes
- Liberty, MI: equally priced homes
- North Adams, MI: less expensive homes
- Jefferson, MI: equally priced homes
Cities with Similar Populations
- Sanderson Corner, VT: higher priced homes
- Menominee, IL: higher priced homes
- Meriden, NH: higher priced homes
- Middendorf, SC: less expensive homes
- Middlesex, VT: higher priced homes
- Midvale, OH: less expensive homes
- Millen Bay, NY: higher priced homes
- Mineral Springs, LA: less expensive homes
- Mount Pleasant, AR: less expensive homes
- Olathia, MO: less expensive homes
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