Somerset, NY has seen a dramatic increase in housing prices over the past year. The median value of housing in Somerset is currently $194,000, which is significantly lower than the US median value of $338,100. Despite the lower value, Somerset has experienced an impressive 10.81% appreciation over the past year - higher than the US median appreciation rate of 8.27%. This indicates that homes in Somerset are becoming increasingly popular and desirable for potential buyers and investors alike.
The median home cost in Somerset is $194,000. Home appreciation the last 10 years has been 85.1%. Home Appreciation in Somerset is up 13.0%.
Average Age of Homes
- The median age of Somerset real estate is 78 years old
The Rental Market in Somerset
- Renters make up 16.5% 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.