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The median home value in Somerset, NJ is $518,500. This is lower than the county median home value of $519,300. The national median home value is $338,100. The average price of homes sold in Somerset, NJ is $518,500. Approximately 69.32% of Somerset homes are owned, compared to 25.42% rented, while 5.26% are vacant. Somerset real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Somerset real estate agent to arrange a tour today!
Somerset, New Jersey has a population of 24,827. Somerset is less family-centric than the surrounding county with 34.95% of the households containing married families with children. The county average for households married with children is 37.76%.
The median household income in Somerset, New Jersey is $101,627. The median household income for the surrounding county is $121,695 compared to the national median of $69,021. The median age of people living in Somerset is 40.2 years.
The average high temperature in July is 85.8 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 48.2 inches per year, with 23.1 inches of snow per year.