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 $284,077, lower than the Virginia average of $323,261.
The average cost of rent is $1,273/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. While nearly 46.66% of residents own their homes outright in Somerset, 41.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $6,556 per month. Households that rent pay about 19.41% of their income on rent here. Somerset's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Montpelier Station, VA: equally priced homes
- Uno, VA: equally priced homes
- Barboursville, VA: higher priced homes
- Burnley, VA: higher priced homes
- Montford, VA: equally priced homes
- Radiant, VA: equally priced homes
- Rochelle, VA: equally priced homes
- Lindsay, VA: higher priced homes
- Gordonsville, VA: less expensive homes
- Ruckersville, VA: less expensive homes
Cities with Similar Populations
- Nineveh, TX: less expensive homes
- Princeton, ID: higher priced homes
- Princeton, CA: higher priced homes
- Pray, MT: higher priced homes
- Prairieburg, IA: less expensive homes
- Poydras, LA: less expensive homes
- Porter Springs, TX: less expensive homes
- Oakfield, ME: less expensive homes
- North Asheboro, NC: higher priced homes
- Noblestown, PA: equally priced homes
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