What is the median home value in the Town of Somerset, NY?
The median value of owner-occupied homes in the Town of Somerset, NY is $167,200 (±$25,303), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In the Town of Somerset, the median home value went from $126,700 in 2015–2019 to $167,200 in 2020–2024 (+32.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $167,200 (±$25,303)
- Owner-occupied homes
- 1,039 (±96)
- Most common range
- $200,000 to $299,999
Home values in the Town of Somerset
| Value | Town of Somerset | Niagara County | New York | United States |
|---|---|---|---|---|
| Less than $50,000 | 11.9% (±5.6 points) | 6.8% | 3.9% | 5.3% |
| $50,000 to $99,999 | 12.8% (±4.1 points) | 14.1% | 5.6% | 6.1% |
| $100,000 to $149,999 | 20.0% (±6.0 points) | 14.6% | 6.7% | 6.8% |
| $150,000 to $199,999 | 14.1% (±4.5 points) | 17.4% | 8.3% | 9.0% |
| $200,000 to $299,999 | 20.7% (±5.6 points) | 23.7% | 13.2% | 17.8% |
| $300,000 to $499,999 | 12.8% (±4.4 points) | 17.6% | 19.7% | 26.9% |
| $500,000 to $999,999 | 6.5% (±5.9 points) | 4.8% | 30.1% | 20.9% |
| $1,000,000 or more | 1.1% (±1.6 points) | 1.0% | 12.6% | 7.1% |
The most common range is $200,000 to $299,999, 20.7% 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.
The Town of Somerset against Niagara County, its state and the nation
| Town of Somerset | Niagara County | New York | United States | |
|---|---|---|---|---|
| Median home value | $167,200 (±$25,303) | $189,800 (±$4,741) | $423,800 (±$1,627) | $332,700 |
| Owner-occupied homes | 1,039 (±96) | 65,383 (±914) | 4,196,985 (±19,607) | 84,210,142 |
In the Town of Somerset, the median home value is not measurably different from Niagara County ($189,800).
It is also lower than in New York ($423,800).
It is lower than the national figure ($332,700).
In Niagara County, the Town of Somerset ranks 13 of 16 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 601 of 1,003.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in the Town of Somerset have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $126,700 (±$10,209) | $167,200 (±$25,303) | +32.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,160 (±$79) | $1,496 (±$158) | +29.0% | No measurable change after inflation |
| Median real estate taxes | $2,487 (±$185) | $3,304 (±$432) | +32.9% | 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 the Town of Somerset
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Town of Somerset | — | $167,200 (±$25,303) | — |
| Village of Barker | 0.6 mi | $175,000 (±$62,239) | Not measurably different |
| Town of Hartland | 5.4 mi | $183,000 (±$12,286) | Not measurably different |
| Town of Newfane | 7.9 mi | $170,800 (±$16,887) | Not measurably different |
| Town of Yates | 8.0 mi | $141,000 (±$21,534) | Not measurably different |
| Village of Lyndonville | 8.1 mi | $139,900 (±$22,585) | Not measurably different |
| Newfane (community) | 8.1 mi | $151,700 (±$16,257) | Not measurably different |
| Village of Middleport | 9.3 mi | $115,400 (±$8,106) | Lower |
| Town of Ridgeway | 10.0 mi | $149,900 (±$14,637) | Not measurably different |
Nearby places with a measurably lower figure: Village of Middleport, NY ($115,400).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Niagara County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 7 | Town of Porter | $226,300 (±$17,645) |
| 8 | Town of Wilson | $205,600 (±$21,735) |
| 9 | North Tonawanda | $197,200 (±$7,087) |
| 10 | Town of Hartland | $183,000 (±$12,286) |
| 11 | Town of Royalton | $182,200 (±$22,989) |
| 12 | Town of Newfane | $170,800 (±$16,887) |
| 13 | Town of Somerset | $167,200 (±$25,303) |
| 14 | Town of Niagara | $146,200 (±$23,401) |
| 15 | Lockport | $139,900 (±$10,676) |
| 16 | Niagara Falls | $115,300 (±$5,672) |
Showing 10 of 16 places in Niagara County, ranked from highest to lowest.
A New York town includes the villages and hamlets inside it, so the figures for the Town of Somerset include them.
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 Town of Somerset
What is the average home value in the Town of Somerset, NY?
The Census Bureau publishes the median: $167,200 (±$25,303) for owner-occupied homes in the Town of Somerset (2020–2024 American Community Survey).
Have home values in the Town of Somerset gone up?
In the Town of Somerset, the median home value went from $126,700 in 2015–2019 to $167,200 in 2020–2024 (+32.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in the Town of 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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Somerset town, Niagara County, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Somerset town, Niagara County, New York
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Somerset town, Niagara County, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Somerset town, Niagara County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 town, Niagara County, New York (county subdivision:68330, in state:36 county:063).
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.
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.
Figures last updated on .
Related
- Housing in the Town of Somerset at a glance
- Median rent in the Town of Somerset
- Renters and owners in the Town of Somerset
- Income and affordability in the Town of Somerset
- Homeowner costs in the Town of Somerset
- Property taxes in the Town of Somerset
- Types of homes in the Town of Somerset
- Bedrooms in the Town of Somerset
- Age of homes in the Town of Somerset
- Heating fuel in the Town of Somerset
- Commute and cars in the Town of Somerset
- Crime reported to police in the Town of Somerset
- Population growth in the Town of Somerset
- How long people stay in the Town of Somerset
- Fair Market Rent in the Town of Somerset
- New York landlord and tenant rules
- Housing across Niagara County
- New York places ranked by median home value
- Housing data for every place in New York