
Home Price Key
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 $302,253, higher than the Kansas average of $185,150.
The average cost of rent is $974/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. While nearly 38.17% of residents own their homes outright in Somerset, 5.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $9,503 per month. Households that rent pay about 10.25% of their income on rent here. Somerset's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Wagstaff, KS: higher priced homes
- Paola, KS: less expensive homes
- Louisburg, KS: equally priced homes
- Hillsdale, KS: equally priced homes
- Wea, KS: higher priced homes
- Osawatomie, KS: less expensive homes
- West Line, MO: equally priced homes
- Spring Hill, KS: less expensive homes
- Lisle, MO: equally priced homes
- Drexel, MO: less expensive homes
Cities with Similar Populations
- Rhonesboro, TX: less expensive homes
- Millville, KY: less expensive homes
- Minersville, WI: less expensive homes
- Molt, MT: equally priced homes
- Monitor, OR: higher priced homes
- Montevallo, MO: less expensive homes
- Montgomery, MA: equally priced homes
- Revive, MS: less expensive homes
- Rexville, WA: higher priced homes
- Millard, MO: less expensive homes
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