Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Somerton area can be challenging. Home prices in Somerton are now at a median cost of $332,629, lower than the Philadelphia average of $373,942.
The average cost of rent is $1,204/mo in Somerton, primarily driven by the current value of real estate in the Somerton area. In Somerton, 40.28% of households rent, and 46.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Somerton is $5,761 per month. Households that rent pay about 20.90% of their income on rent here. Somerton’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Bustleton, Philadelphia, PA: equally priced homes
- Byberry, Philadelphia, PA: equally priced homes
- Feasterville, Feasterville-Trevose, PA: higher priced homes
- Torresdale, Philadelphia, PA: equally priced homes
- Stanwood, Bensalem, PA: higher priced homes
- Academy Gardens, Philadelphia, PA: less expensive homes
- Rhawnhurst, Philadelphia, PA: less expensive homes
- Fox Chase-Burholme, Philadelphia, PA: less expensive homes
- Andalusia, Bensalem, PA: higher priced homes
- Holmesburg, Philadelphia, PA: less expensive homes
Neighborhoods with Similar Populations
- Northwest, Reno, NV: higher priced homes
- Aliamanu, Honolulu, HI: higher priced homes
- Capitol, Madison, WI: higher priced homes
- Deanwood, Washington, DC: higher priced homes
- East Las Vegas, Las Vegas, NV: less expensive homes
- Mililani Waipio Melemanu, Mililani, HI: higher priced homes
- West Lawn, Chicago, IL: less expensive homes
- The Colony, Anaheim, CA: higher priced homes
- Southwest Arlington, Arlington, TX: higher priced homes
- Silver Lake, Eastmont, WA: higher priced homes
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