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 $112,855, lower than the Texas average of $235,268.
The average cost of rent is $830/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. While nearly 50.66% of residents own their homes outright in Somerset, 18.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $5,511 per month. Households that rent pay about 15.06% of their income on rent here. Somerset's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Von Ormy, TX: equally priced homes
- Rossville, TX: higher priced homes
- Atascosa, TX: higher priced homes
- Poteet, TX: less expensive homes
- Lytle, TX: higher priced homes
- Natalia, TX: higher priced homes
- Leming, TX: higher priced homes
- Kyote, TX: higher priced homes
- Loire, TX: equally priced homes
- Pearson, TX: higher priced homes
Cities with Similar Populations
- Crete, NE: equally priced homes
- Sugarcreek, OH: higher priced homes
- Sturgis, SD: higher priced homes
- Strathmore, NJ: higher priced homes
- Crystal City, TX: less expensive homes
- Crossville, AL: less expensive homes
- Crossett, AR: less expensive homes
- Cross City, FL: less expensive homes
- Crookston, MN: higher priced homes
- Crockett, TX: equally priced homes
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