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 $522,976, higher than the Colorado average of $430,259.
The average cost of rent is $1,833/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. While nearly 44.07% of residents own their homes outright in Somerset, 14.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $8,151 per month. Households that rent pay about 22.49% of their income on rent here. Somerset's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Marble, CO: equally priced homes
- Paonia, CO: less expensive homes
- Redstone, CO: equally priced homes
- Mount Crested Butte, CO: higher priced homes
- Hotchkiss, CO: less expensive homes
- Crawford, CO: less expensive homes
- Emma, CO: higher priced homes
- Crested Butte, CO: higher priced homes
- Lazear, CO: less expensive homes
- Maher, CO: less expensive homes
Cities with Similar Populations
- Opal, AR: less expensive homes
- Platten, NY: less expensive homes
- Perrin, MO: less expensive homes
- Pepsin, MO: less expensive homes
- Orienta, OK: less expensive homes
- Oreville, OH: less expensive homes
- Orange Mill, WI: less expensive homes
- Orange Bend, FL: less expensive homes
- Ophelia, VA: less expensive homes
- Opheim, MT: less expensive homes
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