Home prices
The median home in Somerset costs $315,900. This is about $76,760 (19%) lower in comparison to other places in this area.Compared to the entire nation it is approximately $98,400 (45%) higher, and in comparison to the city of New York is approximately $290,100 (47%) lower.
Rents
Somerset's median monthly rent is $1,629. This is about $40 (2%) higher compared to nearby areas.It is roughly $567 (53%) higher compared to the nation as a whole, and it is approximately $186 (12%) higher in comparison to the city of New York.
Nearby places
Middlebush
Middlebush is Somerset's neighbor to the west. Its real estate prices are substantially more expensive. Middlebush's median home cost is $501,500, which works out to $185,600 (37%) higher than Somerset. Rent there is a bit less expensive. Middlebush's median rent is $1,424 per month, which comes out to $205 (14%) lower than Somerset.
East Franklin
East Franklin is Somerset's neighbor to the southeast. Real estate prices there are a little less expensive. The value of the median home in East Franklin is $268,300, which works out to $47,600 (17%) lower than Somerset. Rent there is a bit less expensive. In East Franklin the median rent is $1,360 per month, which comes out to $269 (19%) lower than Somerset.
Voorhees
Voorhees is Somerset's neighbor to the south. The real estate prices there are somewhat more expensive. The median home value in Voorhees is $370,000, which works out to $54,100 (14%) higher than Somerset. Rents there are a little less expensive. Voorhees's median rent is $1,296 per month, which comes out to $333 (25%) lower than Somerset.
Franklin Center
Franklin Center is Somerset's neighbor to the northwest. The real estate prices there are somewhat more expensive. The cost of the median home in Franklin Center is $437,700, which works out to $121,800 (27%) higher than Somerset. Rent there is somewhat more expensive. Franklin Center's median monthly rent is $2,013, which works out to $384 (19%) higher than Somerset.
Society Hill
Society Hill is roughly 2 miles northeast from Somerset. The housing prices there are a bit more expensive. The median home in Society Hill is valued at $385,800, which works out to $69,900 (18%) higher than Somerset. Rent there is somewhat more expensive. In Society Hill the median monthly rent is $1,853, which works out to $224 (12%) higher than Somerset.
