Median Home Value
$552,100
Median Gross Rent
$2,033/mo
Homeownership Rate
74.3%
Rent as Share of Income
17.4%
Vacancy Rate
2.1%
Median Year Built
1982
Home Price Index (FHFA)
Home prices in Somerset County have risen 1149% since 1975, 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
$1,804
1 Bedroom
$1,978
2 Bedroom
$2,486
3 Bedroom
$2,981
4 Bedroom
$3,296
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.