Somerset, NJ Housing
As of 2010-2014, median price of a house in Somerset is $302,300, which is lower than the state average of $319,900 and is much higher than the national average of $175,700. The Somerset median house value has grown by 80.48% since 2000. The growth rate for the price of a house in Somerset is lower than the state average rate of 87.30% and is higher than the national average rate of 46.91%. The median year that a house in Somerset was built is 1978, which is newer than the median year for a house built in the state which is 1966 and is newer than the median year for a house built in the USA which is 1976.
House Value
Median Value of a Total of 6,629 Owner Occupied Houses in Somerset, NJ, #267Somerset, NJ | 302,300 USD |
New Jersey | 319,900 USD |
U.S. | 175,700 USD |
Somerset, NJ | 80.48% |
New Jersey | 87.30% |
U.S. | 46.91% |
*Based on 2010-2014 data. View historical house value data.
Housing Occupancy
Somerset, NJ | New Jersey | U.S. | |
Total Housing Units | 9,217, see rank, 100% | 3,572,138 | 132,741,033 |
Occupied Housing Units | 8,846, 95.97%, see rank | 89.26% | 87.55% |
Owner Occupied | 6,629, 71.92%, see rank | 58.06% | 56.34% |
Renter Occupied | 2,217, 24.05%, see rank | 31.20% | 31.21% |
Vacant Housing Units | 371, 4.03%, see rank | 10.74% | 12.45% |
For Rent | 68, 0.74%, see rank | 2.18% | 2.34% |
For Sale Only | 113, 1.23%, see rank | 1.02% | 1.20% |
Rented or Sold, Not Occupied | 52, 0.56%, see rank | 0.70% | 0.92% |
For Seasonal, Recreational, or Occasional Use | 33, 0.36%, see rank | 3.72% | 3.97% |
For Migrant Workers | 0, 0.00%, see rank | 0.01% | 0.03% |
Other Vacant | 105, 1.14%, see rank | 3.11% | 4.00% |
*Based on 2010-2014 data. View historical housing occupancy data.
Year Structure Built
Median Built Year, #78Somerset, NJ | New Jersey | U.S. |
1978 | 1966 | 1976 |
*Based on 2010-2014 data. View historical year structure built data.
Mortgage Status
Somerset, NJ | % | New Jersey | U.S. | |
Owner-Occupied Units | 6,629 | 100% | 2,073,915 | 74,787,460 |
With a Mortgage | 5,168 | 77.96%, see rank | 69.83% | 65.58% |
Without a Mortgage | 1,461 | 22.04%, see rank | 30.17% | 34.42% |
*Based on 2010-2014 data. View historical mortgage status data.
Monthly Owner Costs for Housing Units with a Mortgage
Median Owner Costs, see rank
Somerset, NJ | 2,316 USD |
New Jersey | 2,428 USD |
U.S. | 1,522 USD |
Owner Costs Distribution
Monthly Owner Costs | Somerset, NJ | % | New Jersey | U.S. |
$299 or Less | 0 | 0.00%, see rank | 0.04% | 0.20% |
$300 to $499 | 0 | 0.00%, see rank | 0.35% | 1.59% |
$500 to $699 | 45 | 0.87%, see rank | 0.83% | 5.01% |
$700 to $999 | 155 | 3.00%, see rank | 2.80% | 14.32% |
$1,000 to $1,499 | 685 | 13.25%, see rank | 11.13% | 27.90% |
$1,500 to $1,999 | 850 | 16.45%, see rank | 17.94% | 20.35% |
$2,000 to $2,999 | 2,456 | 47.52%, see rank | 36.29% | 19.52% |
$3,000 or More | 977 | 18.90%, see rank | 30.63% | 11.12% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Somerset, NJ | 24.70% of the Total Income |
New Jersey | 27.50% of the Total Income |
U.S. | 23.70% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Somerset, NJ | % | New Jersey | U.S. | |
10% or Less | 70 | 1.35%, see rank | 3.98% | 5.86% |
10% to 20% | 1,668 | 32.28%, see rank | 23.73% | 31.95% |
20% to 30% | 1,455 | 28.15%, see rank | 28.42% | 27.64% |
30% to 40% | 846 | 16.37%, see rank | 16.62% | 13.74% |
40% or More | 1,124 | 21.75%, see rank | 26.85% | 20.29% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.
Monthly Owner Costs for Housing Units without a Mortgage
Median Owner Costs, see rank
Somerset, NJ | 945 USD |
New Jersey | 972 USD |
U.S. | 457 USD |
Owner Costs Distribution
Monthly Owner Costs | Somerset, NJ | % | New Jersey | U.S. |
$199 or Less | 0 | 0.00%, see rank | 1.19% | 7.76% |
$200 to $299 | 7 | 0.48%, see rank | 1.66% | 14.70% |
$300 to $499 | 69 | 4.72%, see rank | 6.42% | 34.63% |
$500 to $699 | 211 | 14.44%, see rank | 13.17% | 21.16% |
$700 or More | 1,174 | 80.36%, see rank | 77.56% | 21.75% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Somerset, NJ | 17.70% of the Total Income |
New Jersey | 18.40% of the Total Income |
U.S. | 12.30% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Somerset, NJ | % | New Jersey | U.S. | |
10% or Less | 311 | 21.29%, see rank | 21.71% | 40.19% |
10% to 20% | 555 | 37.99%, see rank | 32.37% | 31.47% |
20% to 30% | 206 | 14.10%, see rank | 16.94% | 12.24% |
30% to 40% | 160 | 10.95%, see rank | 9.46% | 5.64% |
40% or More | 229 | 15.67%, see rank | 18.56% | 9.16% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.
Units in Structure
Somerset, NJ | New Jersey | U.S. | |
Total Housing Units | 9,217, 100% | 3,572,138 | 132,741,033 |
1-unit, Detached | 4,528, 49.13%, see rank | 53.67% | 61.65% |
1-unit, Attached | 2,627, 28.50%, see rank | 9.26% | 5.82% |
2 Units | 215, 2.33%, see rank | 9.53% | 3.75% |
3 or 4 Units | 89, 0.97%, see rank | 6.43% | 4.43% |
5 to 9 Units | 354, 3.84%, see rank | 4.80% | 4.78% |
10 or More Units | 1,404, 15.23%, see rank | 15.34% | 13.08% |
Mobile Home, Boat, RV, Van, etc. | 0, 0.00%, see rank | 0.98% | 6.49% |
*Based on 2010-2014 data. View historical units in structure data.
Rooms
Somerset, NJ | New Jersey | U.S. | |
Total Housing Units | 9,217, 100% | 3,572,138 | 132,741,033 |
1 Room | 58, 0.63%, see rank | 2.71% | 1.95% |
2 Rooms | 133, 1.44%, see rank | 2.15% | 2.48% |
3 Rooms | 903, 9.80%, see rank | 10.30% | 9.13% |
4 Rooms | 1,344, 14.58%, see rank | 15.19% | 16.60% |
5 Rooms | 1,713, 18.59%, see rank | 16.72% | 20.41% |
6 Rooms | 1,309, 14.20%, see rank | 16.15% | 18.06% |
7 Rooms | 1,681, 18.24%, see rank | 12.48% | 12.27% |
8 Rooms | 1,178, 12.78%, see rank | 10.49% | 8.48% |
9 Rooms or More | 898, 9.74%, see rank | 13.81% | 10.60% |
Median Rooms | 5.80, see rank | 5.70 | 5.50 |
*Based on 2010-2014 data. View historical rooms data.
Bedrooms
Somerset, NJ | New Jersey | U.S. | |
Total Housing Units | 9,217, 100% | 3,572,138 | 132,741,033 |
No Bedroom | 82, 0.89%, see rank | 2.88% | 2.17% |
1 Bedroom | 1,254, 13.61%, see rank | 14.18% | 11.16% |
2 Bedrooms | 2,627, 28.50%, see rank | 25.93% | 26.69% |
3 Bedrooms | 3,062, 33.22%, see rank | 32.62% | 39.70% |
4 Bedrooms | 1,991, 21.60%, see rank | 18.83% | 16.05% |
5 or More Bedrooms | 201, 2.18%, see rank | 5.56% | 4.22% |
*Based on 2010-2014 data. View historical bedrooms data.
House Heating Fuel
Somerset, NJ | New Jersey | U.S. | |
Total Housing Units | 8,846, 100% | 3,188,498 | 116,211,092 |
Utility Gas | 7,262, 82.09%, see rank | 74.16% | 48.85% |
Bottled, Tank, or LP Gas | 112, 1.27%, see rank | 1.94% | 4.86% |
Electricity | 1,174, 13.27%, see rank | 11.66% | 36.68% |
Fuel Oil, Kerosene, etc. | 284, 3.21%, see rank | 11.10% | 5.86% |
Coal or Coke | 14, 0.16%, see rank | 0.03% | 0.12% |
Wood | 0, 0.00%, see rank | 0.44% | 2.12% |
Solar Energy | 0, 0.00%, see rank | 0.03% | 0.05% |
Other Fuel | 0, 0.00%, see rank | 0.32% | 0.47% |
No Fuel Used | 0, 0.00%, see rank | 0.32% | 1.00% |
*Based on 2010-2014 data. View historical house heating fuel data.
Gross Rent
Monthly Rental | Somerset, NJ | New Jersey | U.S. |
Occupied Units Paying Rent | 2,148, 100% | 1,077,463 | 39,201,928 |
$199 or Less | 16, 0.74%, see rank | 1.46% | 1.50% |
$200 to $299 | 0, 0.00%, see rank | 3.04% | 3.18% |
$300 to $499 | 100, 4.66%, see rank | 3.86% | 7.37% |
$500 to $699 | 88, 4.10%, see rank | 4.64% | 16.01% |
$700 to $999 | 80, 3.72%, see rank | 19.19% | 29.17% |
$1,000 to $1,499 | 1,060, 49.35%, see rank | 40.89% | 26.88% |
$1,500 to $1,999 | 524, 24.39%, see rank | 17.11% | 9.79% |
$2,000 or More | 280, 13.04%, see rank | 9.81% | 6.10% |
Median | $1,363, see rank | $1,188 | $920 |
*Based on 2010-2014 data. View historical gross rent data.
Vehicle Available
Somerset, NJ | New Jersey | U.S. | |
Occupied Housing Units | 8,846, 100% | 3,188,498 | 116,211,092 |
No Vehicles Available | 462, 5.22%, see rank | 11.70% | 9.12% |
1 Vehicles Available | 2,792, 31.56%, see rank | 34.71% | 33.80% |
2 Vehicles Available | 3,899, 44.08%, see rank | 36.16% | 37.48% |
3 or More Vehicles Available | 1,693, 19.14%, see rank | 17.43% | 19.61% |
*Based on 2010-2014 data. View historical vehicle available data.