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These days, finding an affordable place to live in the Somerset County area can be challenging. Home prices in Somerset County are now at a median cost of $178,648, lower than the Maryland average of $450,578.
The average cost of rent is $1,056/mo in Somerset County, primarily driven by the current value of real estate in the Somerset County area. In Somerset County, 26.88% of households rent, and 44.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerset County is $5,240 per month. Households that rent pay about 20.14% of their income on rent here. Somerset County’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Westmoreland County, VA: higher priced homes
- King George County, VA: higher priced homes
- Caroline County, VA: higher priced homes
- Fredericksburg City, VA: higher priced homes
- Spotsylvania County, VA: higher priced homes
- Orange County, VA: higher priced homes
- Greene County, VA: higher priced homes
- Charlottesville City, VA: higher priced homes
- Albemarle County, VA: higher priced homes
- Waynesboro City, VA: higher priced homes
Counties with Similar Populations
- Ellis County, KS: higher priced homes
- Shelby County, IL: less expensive homes
- Sharp County, AR: less expensive homes
- Seward County, NE: higher priced homes
- Seward County, KS: less expensive homes
- Sevier County, UT: higher priced homes
- Sevier County, AR: less expensive homes
- Sequatchie County, TN: higher priced homes
- Seneca County, NY: equally priced homes
- Scott County, MS: less expensive homes
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