Affordable
Expensive
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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 $585,336, higher than the New Jersey average of $496,577.
The average cost of rent is $2,235/mo in Somerset County, primarily driven by the current value of real estate in the Somerset County area. In Somerset County, 25.70% of households rent, and 35.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerset County is $13,037 per month. Households that rent pay about 17.14% of their income on rent here. Somerset County’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Middlesex County, NJ: less expensive homes
- Union County, NJ: equally priced homes
- Hunterdon County, NJ: equally priced homes
- Richmond County, NY: higher priced homes
- Kings County, NY: higher priced homes
- Northampton County, PA: less expensive homes
- Lehigh County, PA: less expensive homes
- Perry County, PA: less expensive homes
- Juniata County, PA: less expensive homes
- Mifflin County, PA: less expensive homes
Counties with Similar Populations
- Marion County, OR: less expensive homes
- Sarasota County, FL: less expensive homes
- Santa Cruz County, CA: higher priced homes
- San Luis Obispo County, CA: higher priced homes
- San Juan Municipio, PR: less expensive homes
- Rutherford County, TN: less expensive homes
- Rockland County, NY: higher priced homes
- Rockingham County, NH: equally priced homes
- Ottawa County, MI: less expensive homes
- Nueces County, TX: less expensive homes
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