The housing in Somerset, MN is relatively affordable compared to the US median value of $338,100. The median value in Somerset is $278,800, which is over 16% lower than the national average. In the past year, appreciation for homes in Somerset has stayed close to the 8.27% national average with an appreciation rate of 7.35%. This makes Somerset a great place to invest in real estate as it offers more affordable prices and good appreciation rates.
The median home cost in Somerset is $278,800. Home appreciation the last 10 years has been 90.5%. Home Appreciation in Somerset is up 12.1%.
Average Age of Homes
- The median age of Somerset real estate is 72 years old
The Rental Market in Somerset
- Renters make up 5.3% 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.