Home prices
The median home in Somerset is valued at $279,200. Compared to the surrounding areas this is roughly $29,600 (11%) higher.It is approximately $61,700 (28%) higher compared to the nation as a whole, and in comparison to the city of Boston it is about $253,500 (47%) lower.
Rents
The median monthly rent in Somerset is $1,132. It is about $117 (11%) higher compared to the surrounding areas.In comparison to the US as a whole it is about $70 (6%) higher, and it is approximately $488 (30%) lower compared to the city of Boston.
Nearby places
Fall River
Fall River is Somerset's neighbor to the southeast. The housing prices there are a little less expensive. The price of the median home in Fall River is $242,200, which comes out to $37,000 (15%) lower than Somerset. Rents there are substantially less expensive. Fall River's median rent is $804 per month, which comes out to $328 (40%) lower than Somerset.
Ocean Grove
Ocean Grove is about 2 miles west from Somerset. The housing prices there are somewhat less expensive. The median home cost in Ocean Grove is $232,300, which is $46,900 (20%) lower than Somerset. Rent there is somewhat more expensive. In Ocean Grove the median monthly rent is $1,300, which is $168 (12%) higher than Somerset.
Tiverton
Tiverton is approximately 6 miles south of Somerset. The real estate prices there are a bit less expensive. The median home value in Tiverton is $258,800, which works out to $20,400 (7%) lower than Somerset. Rent there is a bit less expensive. The median rent in Tiverton is $939 a month, which comes out to $193 (20%) lower than Somerset.
North Westport
North Westport is approximately 6 miles southeast from Somerset. Real estate prices there are fairly similar. The price of the median home in North Westport is $293,000, which works out to $13,800 (4%) higher than Somerset. Rent there is a bit less expensive. In North Westport the median rent is $1,057 a month, which is $75 (7%) lower than Somerset.
East Providence
East Providence is approximately 9 miles northwest from Somerset. Housing prices there are somewhat less expensive. The value of the median home in East Providence is $221,700, which is $57,500 (25%) lower than Somerset. Its rents are a bit less expensive. East Providence's median rent is $974 a month, which is $158 (16%) lower than Somerset.
