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Affordable
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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 $397,038, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,262/mo in Somerset, primarily driven by the current value of real estate in the Somerset area. In Somerset, 17.05% of households rent, and 31.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerset is $9,490 per month. Households that rent pay about 13.30% of their income on rent here. Somerset’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Huntington, WI: less expensive homes
- Houlton, WI: higher priced homes
- New Richmond, WI: less expensive homes
- Marine On St. Croix, MN: higher priced homes
- Burkhardt, WI: higher priced homes
- Star Prairie, WI: less expensive homes
- Stillwater, MN: higher priced homes
- Stanton, WI: less expensive homes
- Bayport, MN: equally priced homes
- Oak Park Heights, MN: higher priced homes
Cities with Similar Populations
- Cottontown, TN: higher priced homes
- Dillon, CO: higher priced homes
- Daleville, AL: less expensive homes
- Dale, TX: less expensive homes
- Cuba, MO: less expensive homes
- Cross Plains, WI: higher priced homes
- Crestwood Village, NJ: less expensive homes
- Creston, IA: less expensive homes
- Cowpens, SC: less expensive homes
- Coupeville, WA: higher priced homes
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