Somerset borough, PA is a great place to consider when looking for housing. According to the data provided, the median value of homes in the area is $122,800, which is significantly lower than the US median home value of $338,100. In addition to being more affordable than many other places in the country, it has seen a 10.35% appreciation rate over the last year, which is higher than the US 1 year house appreciation rate of 8.27%. This makes Somerset borough an appealing option for those looking to purchase or invest in real estate.
The median home cost in Somerset is $122,800. Home appreciation the last 10 years has been 51.5%. Home Appreciation in Somerset is up 14.3%.
Average Age of Homes
- The median age of Somerset real estate is 55 years old
The Rental Market in Somerset
- Renters make up 45.1% of the Somerset population
- 1.9% 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.