Housing & Real Estate — Somerset, New Jersey
Overview
| Total Housing Units | 10,036 |
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| Occupied | 9,760 |
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| Vacant | 276 |
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| Owner-Occupied | 7,130 |
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| Renter-Occupied | 2,630 |
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| Median Home Value (Census) | $438,800 |
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| Estimated 2026 | ~$518,000 |
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| Median Rent | $2,050/mo |
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| Median Property Tax | $8,224/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
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| Rent as % of Income | 20.3% |
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| Severely Rent-Burdened | 45.8% |
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Housing Age
| Built 2010 or later | 235 |
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| Built 2000-2009 | 449 |
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| Built 1990-1999 | 691 |
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| Built before 1960 | 1,125 |
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| Median Year Built | 1979 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
