Somerset, MO is a great place to invest in housing. The median value of homes in the area is $224,000, which is significantly lower than the US median house value of $338,100. This makes it attractive to potential buyers wanting to break into the housing market at a lower price point. Additionally, during the past year alone house appreciation in Somerset has seen an impressive 13.45% increase compared to 8.27% throughout the US. With these promising numbers and its lower median house values, Somerset looks like an excellent potential real estate investment.
The median home cost in Somerset is $224,000. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Somerset is up 17.1%.
Average Age of Homes
- The median age of Somerset real estate is 56 years old
The Rental Market in Somerset
- Renters make up 38.5% of the Somerset population
- 0.0% 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.