The housing market in Somerset, IN is booming. The median value of a house in the city is $121,600, which is significantly lower than the national median value of $338,100. However, the 1 year appreciation rate for houses in Somerset is 9.99%, higher than the national rate of 8.27%. This suggests that housing prices are increasing at a faster pace than average in this city, making it an attractive place for homeowners and investors.
The median home cost in Somerset is $121,600. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Somerset is up 10.5%.
Average Age of Homes
- The median age of Somerset real estate is 44 years old
The Rental Market in Somerset
- Renters make up 23.8% 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.