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Somerset County Housing

 
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As of 2010-2014, median price of a house in Somerset County is $396,500, which is higher than the state average of $319,900 and is much higher than the national average of $175,700. The Somerset County median house value has grown by 68.72% since 2000. The growth rate for the price of a house in Somerset County is lower than the state average rate of 87.30% and is higher than the national average rate of 46.91%. The median year that a house in Somerset County was built is 1978, which is newer than the median year for a house built in the state which is 1966 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 89,848 Owner Occupied Houses in Somerset County, #3
Somerset County
396,500 USD
New Jersey
319,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #18
Somerset County
68.72%
New Jersey
87.30%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Somerset CountyNew JerseyU.S.
Total Housing Units124,402, see rank, 100%3,572,138132,741,033
Occupied Housing Units115,941, 93.20%, see rank89.26%87.55%
Owner Occupied89,848, 72.22%, see rank58.06%56.34%
Renter Occupied26,093, 20.97%, see rank31.20%31.21%
Vacant Housing Units8,461, 6.80%, see rank10.74%12.45%
For Rent3,225, 2.59%, see rank2.18%2.34%
For Sale Only1,186, 0.95%, see rank1.02%1.20%
Rented or Sold, Not Occupied903, 0.73%, see rank0.70%0.92%
For Seasonal, Recreational, or Occasional Use946, 0.76%, see rank3.72%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant2,201, 1.77%, see rank3.11%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #1
Somerset CountyNew JerseyU.S.
197819661976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Somerset County%New JerseyU.S.
Owner-Occupied Units89,848100%2,073,91574,787,460
With a Mortgage64,92272.26%, see rank69.83%65.58%
Without a Mortgage24,92627.74%, see rank30.17%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Somerset County
2,728 USD
New Jersey
2,428 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsSomerset County%New JerseyU.S.
$299 or Less260.04%, see rank0.04%0.20%
$300 to $4991310.20%, see rank0.35%1.59%
$500 to $6992730.42%, see rank0.83%5.01%
$700 to $9991,1901.83%, see rank2.80%14.32%
$1,000 to $1,4994,9317.60%, see rank11.13%27.90%
$1,500 to $1,9999,03613.92%, see rank17.94%20.35%
$2,000 to $2,99922,93135.32%, see rank36.29%19.52%
$3,000 or More26,40440.67%, see rank30.63%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Somerset County
26.10% of the Total Income
New Jersey
27.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Somerset County%New JerseyU.S.
10% or Less2,7584.25%, see rank3.98%5.86%
10% to 20%17,57527.07%, see rank23.73%31.95%
20% to 30%18,62628.69%, see rank28.42%27.64%
30% to 40%10,63816.39%, see rank16.62%13.74%
40% or More15,15123.34%, see rank26.85%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Somerset County
1,001 USD
New Jersey
972 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsSomerset County%New JerseyU.S.
$199 or Less930.37%, see rank1.19%7.76%
$200 to $2991120.45%, see rank1.66%14.70%
$300 to $4996842.74%, see rank6.42%34.63%
$500 to $6991,6186.49%, see rank13.17%21.16%
$700 or More22,41989.94%, see rank77.56%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Somerset County
16.30% of the Total Income
New Jersey
18.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Somerset County%New JerseyU.S.
10% or Less6,64526.66%, see rank21.71%40.19%
10% to 20%8,32933.41%, see rank32.37%31.47%
20% to 30%3,71514.90%, see rank16.94%12.24%
30% to 40%2,0118.07%, see rank9.46%5.64%
40% or More4,16816.72%, see rank18.56%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Somerset CountyNew JerseyU.S.
Total Housing Units124,402, 100%3,572,138132,741,033
1-unit, Detached73,417, 59.02%, see rank53.67%61.65%
1-unit, Attached19,844, 15.95%, see rank9.26%5.82%
2 Units6,196, 4.98%, see rank9.53%3.75%
3 or 4 Units5,693, 4.58%, see rank6.43%4.43%
5 to 9 Units5,484, 4.41%, see rank4.80%4.78%
10 or More Units13,600, 10.93%, see rank15.34%13.08%
Mobile Home, Boat, RV, Van, etc.168, 0.14%, see rank0.98%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Somerset CountyNew JerseyU.S.
Total Housing Units124,402, 100%3,572,138132,741,033
1 Room1,018, 0.82%, see rank2.71%1.95%
2 Rooms1,397, 1.12%, see rank2.15%2.48%
3 Rooms8,917, 7.17%, see rank10.30%9.13%
4 Rooms15,394, 12.37%, see rank15.19%16.60%
5 Rooms18,617, 14.97%, see rank16.72%20.41%
6 Rooms19,548, 15.71%, see rank16.15%18.06%
7 Rooms15,825, 12.72%, see rank12.48%12.27%
8 Rooms17,003, 13.67%, see rank10.49%8.48%
9 Rooms or More26,683, 21.45%, see rank13.81%10.60%
Median Rooms6.40, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Somerset CountyNew JerseyU.S.
Total Housing Units124,402, 100%3,572,138132,741,033
No Bedroom1,143, 0.92%, see rank2.88%2.17%
1 Bedroom12,994, 10.45%, see rank14.18%11.16%
2 Bedrooms31,618, 25.42%, see rank25.93%26.69%
3 Bedrooms36,625, 29.44%, see rank32.62%39.70%
4 Bedrooms32,947, 26.48%, see rank18.83%16.05%
5 or More Bedrooms9,075, 7.29%, see rank5.56%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Somerset CountyNew JerseyU.S.
Total Housing Units115,941, 100%3,188,498116,211,092
Utility Gas95,040, 81.97%, see rank74.16%48.85%
Bottled, Tank, or LP Gas1,160, 1.00%, see rank1.94%4.86%
Electricity10,690, 9.22%, see rank11.66%36.68%
Fuel Oil, Kerosene, etc.8,560, 7.38%, see rank11.10%5.86%
Coal or Coke22, 0.02%, see rank0.03%0.12%
Wood148, 0.13%, see rank0.44%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel175, 0.15%, see rank0.32%0.47%
No Fuel Used146, 0.13%, see rank0.32%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalSomerset CountyNew JerseyU.S.
Occupied Units Paying Rent25,059, 100%1,077,46339,201,928
$199 or Less148, 0.59%, see rank1.46%1.50%
$200 to $299308, 1.23%, see rank3.04%3.18%
$300 to $499664, 2.65%, see rank3.86%7.37%
$500 to $699382, 1.52%, see rank4.64%16.01%
$700 to $9992,143, 8.55%, see rank19.19%29.17%
$1,000 to $1,49910,463, 41.75%, see rank40.89%26.88%
$1,500 to $1,9996,393, 25.51%, see rank17.11%9.79%
$2,000 or More4,558, 18.19%, see rank9.81%6.10%
Median$1,420, see rank$1,188$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Somerset CountyNew JerseyU.S.
Occupied Housing Units115,941, 100%3,188,498116,211,092
No Vehicles Available6,277, 5.41%, see rank11.70%9.12%
1 Vehicles Available33,395, 28.80%, see rank34.71%33.80%
2 Vehicles Available50,479, 43.54%, see rank36.16%37.48%
3 or More Vehicles Available25,790, 22.24%, see rank17.43%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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