The median home in Somerset, New Jersey is valued at $556,685, up 1.8% year over year. Typical monthly rent is $2,618, producing a price-to-rent ratio of 17.7x — near the national average of 18x. Somerset is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
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Home Value$556,685
+1.8%
Rent$2,618/mo
AFFORDABILITYRenting $1,459/mo cheaper ($2,618 rent)6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Somerset.
$111,337 on $556,685
Out of reach — 65.2% of income
Need $174,729/yr to afford.
PITI$4,077
P/I65.2%
Afford$239K
Gap-$318K
P&I $2,815Tax $1,146Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in New Jersey
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Full New York-Newark-Jersey City, NY-NJ-PA analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New York-Newark-Jersey City, NY-NJ-PA metro.
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