Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Somerset County, New Jersey?
County · Census ACS 5-Year estimates
The median home value in Somerset County, New Jersey is $552,100 (±$7,374), based on Census ACS 5-Year estimates (2024). The median gross rent is $2,033/month, and the median household income is $140,374/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Median Home Value in Somerset County, New Jersey and Neighbouring Counties
Housing Metrics for Somerset County, New Jersey
| Metric | Value |
|---|---|
| Median Home Value | $552,100 |
| Median Gross Rent | $2,033 |
| Median Household Income | $140,374 |
| Total Housing Units | 130,802 |
| Renter-Occupied Units | 33,615 |
| Renter-Occupied Share | 26% |
How does Somerset County, New Jersey compare?
Median home value ranked against all counties in New Jersey.
Higher home value than 86% of counties in New Jersey · 4th of 21
| # | County | Value |
|---|---|---|
| 1 | Bergen County | $623,000 |
| 2 | Monmouth County | $606,100 |
| 3 | Morris County | $582,500 |
| 4 | Somerset County(you are here) | $552,100 |
| … 14 more … | ||
| 19 | Camden County | $287,100 |
| 20 | Salem County | $239,500 |
| 21 | Cumberland County | $221,400 |
More data for Somerset County, New Jersey
Nearby counties
Frequently asked questions
What is the median home value in Somerset County, New Jersey?
The median home value in Somerset County, New Jersey is $552,100, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in Somerset County, New Jersey?
The median gross rent in Somerset County, New Jersey is $2,033/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in Somerset County, New Jersey?
The median household income in Somerset County, New Jersey is $140,374/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $552,100 has a margin of error of ±$7,374. In very small areas, MOEs can be large relative to the estimate.
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