What is the median home value in Somerset, NJ?

Name: Home values in Somerset, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Somerset, NJ is $438,800 (±$13,518), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Somerset, the median home value went from $315,900 in 2015–2019 to $438,800 in 2020–2024 (+38.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $438,800 (±$13,518)
Owner-occupied homes: 6,922 (±547)
Most common range: $300,000 to $499,999

Home values in Somerset

Owner-occupied homes by value, 2020–2024
Value	Somerset	Somerset County	New Jersey	United States
Less than $50,000	1.4% (±1.0 points)	1.2%	2.5%	5.3%
$50,000 to $99,999	0.0% (±0.6 points)	0.6%	1.8%	6.1%
$100,000 to $149,999	0.4% (±0.6 points)	1.4%	2.2%	6.8%
$150,000 to $199,999	1.9% (±1.1 points)	1.1%	4.3%	9.0%
$200,000 to $299,999	8.5% (±3.3 points)	6.9%	12.9%	17.8%
$300,000 to $499,999	56.1% (±4.5 points)	32.9%	34.2%	26.9%
$500,000 to $999,999	30.9% (±4.1 points)	44.0%	34.5%	20.9%
$1,000,000 or more	0.8% (±0.7 points)	11.8%	7.6%	7.1%

The most common range is $300,000 to $499,999, 56.1% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Somerset against Somerset County, its state and the nation

Estimate (90% margin of error)
	Somerset	Somerset County	New Jersey	United States
Median home value	$438,800 (±$13,518)	$552,100 (±$7,374)	$454,400 (±$1,150)	$332,700
Owner-occupied homes	6,922 (±547)	97,187 (±1,176)	2,239,128 (±10,678)	84,210,142

In Somerset, the median home value is lower than in Somerset County ($552,100).

It is also lower than in New Jersey ($454,400).

It is higher than the national figure ($332,700).

In Somerset County, Somerset ranks 19 of 24 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 108 of 248.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Somerset have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$315,900 (±$7,924)	$438,800 (±$13,518)	+38.9%	Up after inflation
Median owner cost with a mortgage	$2,247 (±$81)	$2,674 (±$151)	+19.0%	No measurable change after inflation
Median real estate taxes	$6,820 (±$150)	$8,224 (±$316)	+20.6%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Somerset

Nearest places with a published estimate, compared with Somerset
Place	Distance	Median home value	Compared with this place
Somerset	—	$438,800 (±$13,518)	—
East Franklin	1.9 mi	$385,900 (±$26,905)	Lower
Voorhees	1.9 mi	$388,200 (±$57,020)	Not measurably different
Middlebush	1.9 mi	$502,100 (±$86,955)	Not measurably different
Franklin Center	2.7 mi	$612,000 (±$23,497)	Higher
Six Mile Run	3.2 mi	$480,700 (±$80,512)	Not measurably different
Piscataway Township	3.3 mi	$449,900 (±$11,938)	Not measurably different
New Brunswick	3.3 mi	$353,800 (±$13,158)	Lower
South Bound Brook Borough	3.5 mi	$359,000 (±$13,434)	Lower

Nearby places with a measurably lower figure: East Franklin, NJ ($385,900), New Brunswick, NJ ($353,800), South Bound Brook Borough, NJ ($359,000).

Nearby places with a measurably higher figure: Franklin Center, NJ ($612,000).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Somerset County, place by place

Rank	Place	Median home value
13	The Hills	$577,000 (±$52,568)
14	Weston	$548,800 (±$36,294)
15	Bradley Gardens	$546,300 (±$27,659)
16	Middlebush	$502,100 (±$86,955)
17	Six Mile Run	$480,700 (±$80,512)
18	Kingston	$475,900 (±$234,347)
19	Somerset	$438,800 (±$13,518)
20	Hillsborough	$435,700 (±$29,393)
21	Finderne	$413,400 (±$36,998)
22	Voorhees	$388,200 (±$57,020)
23	East Franklin	$385,900 (±$26,905)
24	Franklin Park	$336,600 (±$30,848)

Showing 12 of 24 places in Somerset County, ranked from highest to lowest.

Somerset is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Franklin Township (Somerset County), whose figures include it.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Somerset

What is the average home value in Somerset, NJ?

The Census Bureau publishes the median: $438,800 (±$13,518) for owner-occupied homes in Somerset (2020–2024 American Community Survey).

Have home values in Somerset gone up?

In Somerset, the median home value went from $315,900 in 2015–2019 to $438,800 in 2020–2024 (+38.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Somerset sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Somerset CDP, New Jersey (place:68370, in state:34).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.