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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 $265,740, higher than the Ohio average of $236,816.
The average cost of rent is $818/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. In Somerset, 17.28% of households rent, and 46.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $6,017 per month. Households that rent pay about 13.60% of their income on rent here. Somerset’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Redfield, OH: less expensive homes
- Glenford, OH: equally priced homes
- Rehoboth, OH: less expensive homes
- Rushville, OH: equally priced homes
- Junction City, OH: less expensive homes
- Yost, OH: equally priced homes
- Oakthorpe, OH: equally priced homes
- Bruno, OH: higher priced homes
- Mount Perry, OH: equally priced homes
- Mainsville, OH: less expensive homes
Cities with Similar Populations
- Deephaven, MN: higher priced homes
- Kings Beach, CA: higher priced homes
- Davis, OK: less expensive homes
- Dawson Springs, KY: less expensive homes
- Dayton, OR: higher priced homes
- Old Monroe, MO: higher priced homes
- Deale, MD: higher priced homes
- Dearing, GA: less expensive homes
- Holiday City South, NJ: equally priced homes
- Decatur, MI: less expensive homes
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