Somerset, MA is a great place for people looking to invest in housing. The median value of a home in Somerset is $419,700, which is significantly higher than the US median house value of $338,100. Furthermore, over the last year there has been an impressive appreciation rate of 10.36% in Somerset, compared to 8.27% nationally. This makes homes in Somerset an even more attractive investment option.
The median home cost in Somerset is $419,700. Home appreciation the last 10 years has been 82.8%. Home Appreciation in Somerset is up 12.9%.
Average Age of Homes
- The median age of Somerset real estate is 56 years old
The Rental Market in Somerset
- Renters make up 16.8% 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.