Median Home Value
$173,200
Median Gross Rent
$1,013/mo
Homeownership Rate
73.1%
Rent as Share of Income
18.7%
Vacancy Rate
23.6%
Median Year Built
1986
Home Price Index (FHFA)
Home prices in Somerset County have risen 184% since 1992, per FHFA's index.
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Index value, not a dollar figure — shows relative appreciation over time. Source: Federal Housing Finance Agency.
HUD Fair Market Rent (2026)
Studio
$901
1 Bedroom
$907
2 Bedroom
$1,167
3 Bedroom
$1,586
4 Bedroom
$1,667
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.