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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 $160,429, lower than the Pennsylvania average of $288,156.
The average cost of rent is $783/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. In Somerset, 30.50% of households rent, and 51.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $5,088 per month. Households that rent pay about 15.38% of their income on rent here. Somerset’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Husband, PA: equally priced homes
- Geiger, PA: higher priced homes
- Lavansville, PA: higher priced homes
- Quecreek, PA: higher priced homes
- Acosta, PA: less expensive homes
- Fairhope, PA: equally priced homes
- Friedens, PA: higher priced homes
- Edie, PA: equally priced homes
- Sipesville, PA: equally priced homes
- Brotherton, PA: higher priced homes
Cities with Similar Populations
- Whiteville, NC: equally priced homes
- St. Helens, OR: higher priced homes
- South Sioux City, NE: higher priced homes
- Eatonton, GA: higher priced homes
- Edgewater, NJ: higher priced homes
- Wilmington Island, GA: higher priced homes
- Willowick, OH: higher priced homes
- El Reno, OK: equally priced homes
- Summerfield, MD: higher priced homes
- Wilkinsburg, PA: equally priced homes
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