Median home value: $534K (+2.9% YoY). Rent: $2,249/mo. Price-to-rent: 19.8x. Part of New York-Newark-Jersey City, NY-NJ-PA.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, New York-Newark-Jersey City, NY-NJ-PA metro page.
Home Value$533,747
+2.9%
Rent$2,249/mo
AFFORDABILITYRenting $1,526/mo cheaper ($2,249 rent)6.00% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Somerville.
$106,749 on $533,747
Out of reach — 60.4% of income
Need $161,786/yr to afford.
PITI$3,775
P/I60.4%
Afford$247K
Gap-$286K
P&I $2,560Tax $1,099Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing