Similar to its nearby areas, it is somewhat less expensive compared to the country as a whole. However it's a lot less expensive compared to the city of New York.
Home prices
The median home in Somerdale is valued at $170,500. In comparison to nearby areas this is about $6,580 (3%) lower.In comparison to the nation as a whole it is about $47,000 (21%) lower, and is approximately $435,500 (71%) lower compared to the city of New York.
Rents
Somerdale's median rent is $892 per month. In comparison to the surrounding areas this is about $177 (16%) lower.It is roughly $170 (16%) lower in comparison to the nation as a whole, and compared to the city of New York is roughly $551 (38%) lower.
Nearby places
Hi-Nella
Hi-Nella is Somerdale's neighbor to the south. Real estate prices there are a little less expensive. The price of the median home in Hi-Nella is $157,200, which works out to $13,300 (8%) lower than Somerdale. Its rents are a little more expensive. In Hi-Nella the median monthly rent is $1,098, which works out to $206 (18%) higher than Somerdale.
Magnolia
Magnolia is Somerdale's neighbor to the northwest. Its housing prices are a bit less expensive. Magnolia's median home value is $159,600, which comes out to $10,900 (6%) lower than Somerdale. Rent there is a bit more expensive. The median rent in Magnolia is $1,034 per month, which is $142 (13%) higher than Somerdale.
Stratford
Stratford is Somerdale's neighbor to the south. Housing prices there are fairly similar. Stratford's median home cost is $179,100, which is $8,600 (4%) higher than Somerdale. Rents there are a little more expensive. Stratford's median rent is $991 a month, which comes out to $99 (9%) higher than Somerdale.
Echelon
Echelon is Somerdale's neighbor to the east. Its real estate prices are a little more expensive. The median home in Echelon costs $223,600, which is $53,100 (23%) higher than Somerdale. Its rents are substantially more expensive. In Echelon the median rent is $1,371 a month, which is $479 (34%) higher than Somerdale.
Lawnside
Lawnside is Somerdale's neighbor to the north. Housing prices there are fairly similar. The median home in Lawnside costs $165,900, which comes out to $4,600 (2%) lower than Somerdale. Rents there are pretty similar. Lawnside's median rent is $850 per month, which is $42 (4%) lower than Somerdale.
