Somerset County, NJ Housing

Somerset, NJ County is a great place to live due to its high housing median value of $519,300. This value is significantly higher than the US house median value of $338,100, with an additional one year house appreciation of 9.15%, making it significantly more profitable than the national average of 8.27%. Somerset, NJ County also has plenty of affordable housing options for those looking to buy or rent in the area, making it a great place for potential homebuyers to consider when searching for properties.

The median home cost in Somerset County is $519,300. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Somerset County is up 14.8%.

Average Age of Homes

- The median age of Somerset County real estate is 37 years old

The Rental Market in Somerset County

- Renters make up 21.0% of the Somerset County population
- 0.7% of houses and apartments in Somerset County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Somerset, New Jersey	United States
	131,225.0	139,647,020.0
	40	42
	$519,300	$338,100
	14.8%	16.6%
	41.3%	57.0%
	58.4%	101.1%
	$22.01	$10.98
	$9,787	$2,690
	72.2%	57.4%
	4.5%	11.2%
	23.4%	31.4%
Vacant Housing
	0.7%	1.9%
	0.5%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	0.4%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.3%	2.4%
	0.3%	2.8%
	0.2%	3.9%
	0.4%	4.5%
	1.6%	11.3%
	3.2%	13.0%
	17.2%	20.1%
	19.2%	13.6%
	15.7%	8.3%
	25.8%	9.7%
	10.0%	3.9%
	4.0%	2.2%
	0.9%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.2%	13.6%
	9.2%	13.6%
	17.3%	13.6%
	19.7%	13.2%
	10.0%	14.8%
	17.3%	13.6%
	11.2%	10.0%
	4.5%	4.7%
	9.7%	12.2%

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