The story of this market
The typical home in Somerset County, New Jersey sells for about $865,000, or $423 per square foot.
Prices are up +9.6% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. Over the long run, values in this county have grown 155% since 2000. Last year 60 of 73 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is winter weather, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $2,623 a month.
HUD sets the fair market rent for a 2-bedroom at $2,623 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+4.1%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+16.5%). Worst: 2009 (-6.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+5%
NJ · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$3,125
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+4.1%
2025 change
FHFA repeat-sales index, median of 73 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
54
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $160,585,559.
Mortgage activity
Home lending in this county
76.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 14996 | 7946 | 76.2% | 3.6% | $430,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Somerset County, New Jersey
Somerset County's housing market remains a strong seller's market characterized by low inventory and rising median prices. High demand from buyers, coupled with limited supply, continues to drive price appreciation and competitive bidding environments.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 1 city · 1 ZIP report
Median prices moved up 4.6% year over year.
Homes spend a median of 23 days on market with 1.1 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 56.95% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 4.5% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
No researched ZIP reports yet — ZIP discovery runs with the county's first refresh, and each ZIP's intel report appears here once its research lands.
Somerset County is widely recognized for its high-performing public school districts, which consistently rank among the top in New Jersey.
The county benefits from a strong economic base with major employers in the pharmaceutical, life sciences, and technology sectors, supported by proximity to major transit corridors.
Property taxes in Somerset County are administered at the local municipal level based on assessed property values, with rates varying significantly by township and borough.
The rental market remains competitive with a median asking rent of $2,850, reflecting low vacancy pressure and steady demand.
The economy is anchored by major life sciences and pharmaceutical corporations, contributing to a stable and high-income employment base.
The county is served by major highway corridors and NJ Transit rail lines, providing access to the New York City metropolitan area.
- Six Flags Great Adventure4.429.2 mi
- Sesame Place Philadelphia4.126.7 mi
- Supercharged Entertainment4.814.2 mi
- The Funplex4.323.8 mi
- Six Flags Hurricane Harbor428.5 mi
- Six Flags Great Adventure4.429.2 mi
- Prudential Center4.528.4 mi
- Peddler's Village4.724.2 mi
- Sports Illustrated Stadium4.529.4 mi
- Topgolf Edison4.314.3 mi
- BAPS Swaminarayan Akshardham4.819.3 mi
- AMC New Brunswick 183.812.1 mi
- Regal Commerce Center4.49.3 mi
- Mercer County Park4.718.8 mi
- Lucky Strike North Brunswick4.310.9 mi
- BAPS Swaminarayan Akshardham4.819.3 mi
- Peddler's Village4.724.2 mi
- Grounds For Sculpture4.820.6 mi
- Snug Harbor Cultural Center & Botanical Garden4.529.3 mi
- Fonthill Castle4.829.2 mi
- Mercer County Park4.718.8 mi
- Duke Farms4.81.3 mi
- Rahway Train Station Plaza4.319.8 mi
- Colonial Park4.74.2 mi
- Hacklebarney State Park4.716.1 mi
- Topgolf Edison4.314.3 mi
- Neshanic Valley Golf Course4.54.2 mi
- Fiddler's Elbow Country Club4.78.8 mi
- Trump National Golf Club Bedminster49.1 mi
- Forsgate Country Club4.416 mi
- Menlo Park Mall4.416 mi
- Bridgewater Commons4.44.1 mi
- Quaker Bridge Mall4.316.6 mi
- Woodbridge Center4.418 mi
- Alstede Farms4.217.7 mi
- Newark Liberty International Airport3.726.7 mi
- Trenton-Mercer Airport3.919.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Data retrieved from US Census Bureau QuickFacts and ACS 2020-2024 estimates.
Sellers are required to provide a standardized disclosure statement regarding the physical condition of the property to prospective buyers.
Effective August 26, 2026, per New Jersey Division of Consumer Affairs regulations.
New Jersey is a judicial foreclosure state, requiring lenders to file a lawsuit in Superior Court. Lenders must provide a Notice of Intention to Foreclose at least 30 days prior to commencing the action.
N.J.S.A. 2A:50-53 et seq.; NJ Courts Foreclosure procedures.
Sellers must provide a specific flood risk addendum to buyers as part of the property disclosure process.
Effective August 1, 2024, per New Jersey Division of Consumer Affairs regulations.
Tax is calculated as (Assessed Value * Tax Rate). Assessed value is determined by the municipal assessor at 100% of true market value. The tax rate is set by local taxing districts to cover municipal, county, and school budgets.
N.J.S.A. 54:4-1 et seq.; Article VIII, Section 1, paragraph 1 of the New Jersey Constitution.
applies when — Land actively devoted to agricultural or horticultural use meeting specific acreage and income requirements
Property is assessed based on its productive capability for agricultural use rather than its full market value, resulting in a lower tax burden.
N.J.S.A. 54:4-23.1 et seq.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.