The Most Affordable Neighborhoods in Somerset County, NJ by Home Value

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 $492,272, higher than the New Jersey average of $388,929.

The average cost of rent is $1,907/mo in Somerset County, primarily driven by the current value of real estate in the Somerset County area. While nearly 32.45% of residents own their homes outright in Somerset County, 23.27% rent.

Housing affordability isn’t just about home prices, though. The average household income in Somerset County is $11,671 per month. Households that rent pay about 16.34% of their income on rent here. Somerset County's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the county.

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