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 $157,595, lower than the Illinois average of $242,002.
The average cost of rent is $758/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. While nearly 47.88% of residents own their homes outright in Somerset, 8.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $7,300 per month. Households that rent pay about 10.38% of their income on rent here. Somerset's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Rudement, IL: equally priced homes
- Mitchellsville, IL: less expensive homes
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- Horseshoe, IL: equally priced homes
- Pankeyville, IL: equally priced homes
- Garden Heights, IL: less expensive homes
- Equality, IL: less expensive homes
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- Sparks Hill, IL: less expensive homes
- Muddy, IL: less expensive homes
Cities with Similar Populations
- Zoe, KY: less expensive homes
- Bashi, AL: less expensive homes
- Baxter, MS: equally priced homes
- Bear Rocks, PA: equally priced homes
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- Barksdale, WV: less expensive homes
- Bakersfield, TX: less expensive homes
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- Ben Hur, TX: less expensive homes
- Woodrow, AR: less expensive homes
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