Zip 08873 (Somerset, NJ) Housing

Housing in 08873 Somerset, NJ is very valuable. The median housing value in the area is $435,400, which is significantly higher than the US median housing value of $338,100. Over the past year, house appreciation in Somerset has been 10.79%, which is even higher than the overall US appreciation rate of 8.27%. This makes 08873 Somerset a great investment for those looking to buy or rent in New Jersey.

The median home cost in Somerset (zip 08873) is $435,400. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Somerset (zip 08873) is up 15.1%.

Average Age of Homes

- The median age of Somerset (zip 08873) real estate is 34 years old

The Rental Market in Somerset (zip 08873)

- Renters make up 27.2% of the Somerset (zip 08873) population
- 0.2% of houses and apartments in Somerset (zip 08873), 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
	22,086.0	139,647,020.0
	37	42
	$435,400	$338,100
	15.1%	16.6%
	43.3%	57.0%
	60.4%	101.1%
	$21.81	$10.98
	$7,814	$2,690
	64.4%	57.4%
	5.9%	11.2%
	29.7%	31.4%
Vacant Housing
	0.2%	1.9%
	1.0%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	1.1%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.7%	2.4%
	0.1%	2.8%
	0.0%	3.9%
	0.2%	4.5%
	1.1%	11.3%
	3.5%	13.0%
	25.7%	20.1%
	30.9%	13.6%
	19.7%	8.3%
	13.7%	9.7%
	3.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	16.6%	13.6%
	16.6%	13.6%
	8.7%	13.6%
	22.5%	13.2%
	10.4%	14.8%
	8.7%	13.6%
	10.7%	10.0%
	2.1%	4.7%
	3.6%	12.2%

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