The housing market in Somerset, TX is thriving. The median value of homes in the area is $163,400, compared to the US House Median Value of $338,100. This is a great bargain for those looking to purchase a home in this area. Furthermore, not only does the median value offer potential buyers more bang for their buck, but it has also experienced a greater appreciation rate than the US average over the last year - 15.93% compared to 8.27%. This gives an indication that purchasing a home in Somerset is an increasingly sound investment.
The median home cost in Somerset is $163,400. Home appreciation the last 10 years has been 93.7%. Home Appreciation in Somerset is up 17.4%.
Average Age of Homes
- The median age of Somerset real estate is 37 years old
The Rental Market in Somerset
- Renters make up 28.4% of the Somerset population
- 1.0% of houses and apartments in Somerset, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.