Market Summary

Somerville, Somerset County, NJ

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Median Home Price Price

$521,668 $521.7K

Median Monthly Rent Rent

$2,411 $2.4K

GRM

18.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Somerset County

Region Price Rent GRM Display
Raritan
$528,883 $2,685 16.0x
Warren Township
$1,060,225 $2,448 36.0x
North Plainfield
$491,809 $2,499 16.0x
Somerset
$553,569 $2,674 17.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NJ outside of Somerset County

Region Price Rent GRM Display
Bloomingdale, Passaic County, NJ
$525,122 $2,255 19.0x
Colonia, Middlesex County, NJ
$609,624 $2,620 19.0x
Dunellen, Middlesex County, NJ
$511,974 $2,436 18.0x
Carteret, Middlesex County, NJ
$525,905 $2,633 17.0x
Piscataway, Middlesex County, NJ
$573,477 $2,630 18.0x
Lincoln Park, Morris County, NJ
$517,120 $2,416 18.0x
Woodland Park, Passaic County, NJ
$613,269 $2,357 22.0x
Nutley, Essex County, NJ
$620,592 $2,289 23.0x
Totowa, Passaic County, NJ
$620,254 $2,618 20.0x
Point Pleasant, Ocean County, NJ
$675,354 $2,431 23.0x
Edgewater Park Township, Burlington County, NJ
$327,217 $1,785 15.0x
Ringwood, Passaic County, NJ
$562,183 $2,242 21.0x
Clark, Union County, NJ
$698,838 $2,317 25.0x
Morris Plains, Morris County, NJ
$693,515 $3,406 17.0x
South Toms River, Ocean County, NJ
$379,707 $2,451 13.0x
Byram Township, Sussex County, NJ
$435,424 $2,437 15.0x
Florence, Burlington County, NJ
$296,065 $1,757 14.0x
Pompton Lakes, Passaic County, NJ
$529,738 $2,398 18.0x
Stanhope, Sussex County, NJ
$424,410 $2,323 15.0x
Mahwah Township, Bergen County, NJ
$671,893 $2,400 23.0x
Prospect Park, Passaic County, NJ
$515,783 $2,436 18.0x
Belford, Monmouth County, NJ
$592,804 $1,949 25.0x
Riverton, Burlington County, NJ
$446,808 $2,460 15.0x
Port Reading, Middlesex County, NJ
$523,298 $2,472 18.0x
Bloomsbury, Hunterdon County, NJ
$464,677 $2,398 16.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NJ

Region Price Rent GRM Display
Thiells, Rockland County, NY
$697,398 $2,345 25.0x
West Hartford, Hartford County, CT
$458,301 $2,463 16.0x
Yaphank, Suffolk County, NY
$516,904 $3,854 11.0x
Wentworth, Grafton County, NH
$337,568 $2,189 13.0x
Springfield, Effingham County, GA
$298,969 $1,440 17.0x
Plymouth, Plymouth County, MA
$610,966 $2,417 21.0x
Farmington, Hartford County, CT
$447,577 $2,534 15.0x
Bloomfield, Hartford County, CT
$339,097 $2,458 11.0x
Meriden, New Haven County, CT
$300,341 $1,696 15.0x
Naperville, DuPage County, IL
$575,901 $2,521 19.0x
New Boston, Hillsborough County, NH
$601,873 $1,500 33.0x
Grafton, Worcester County, MA
$579,410 $2,310 21.0x
Mastic, Suffolk County, NY
$482,363 $2,560 16.0x
North Attleboro, Bristol County, MA
$576,074 $1,895 25.0x
Manchester, Hartford County, CT
$306,708 $2,297 11.0x
Vernon Rockville, Tolland County, CT
$319,123 $1,876 14.0x
Norton, Bristol County, MA
$559,806 $2,404 19.0x
Highwood, Lake County, IL
$434,398 $2,436 15.0x
Brewer, Penobscot County, ME
$287,142 $1,347 18.0x
Raynham, Bristol County, MA
$607,466 $2,208 23.0x

Home prices

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Monthly rent

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GRM

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Somerville

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Trend Insights

Median Rent in Somerville, NJ is $2,411, with MoM change +$27 and YoY change +$242 pointing to positive momentum while volatility is low (std $64).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Somerville, NJ.

Skip the spreadsheet work. Search a market to see side-by-side deltas.
Metric
Base market Somerville, NJ
Compare market Select a market
Delta vs base
Median rent
$2,411
N/A
—
Median price
$521,668
N/A
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YoY change
+$242
N/A
—
Price-to-rent
18.0x
Data unavailable
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