Somerset, Somerset County, NJ Housing Trends, Rent, Price-to-Rent

Market Summary

Somerset, Somerset County, NJ

Median Home Price Price

$553,569 $553.6K

Median Monthly Rent Rent

$2,674 $2.7K

GRM

17.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Somerset, NJ is $2,674, with MoM change +$27 and YoY change +$215 pointing to positive momentum while volatility is low (std $54).

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Metric

Base market Somerset, NJ

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Delta vs base

Median rent

$2,674

N/A

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Median price

$553,569

N/A

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YoY change

+$215

N/A

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Price-to-rent

17.3x

Data unavailable

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