Somerset, MD housing market
The median sale price was $1,215,000 in May 2026.
Home values, sales, trends and how Somerset compares with the towns next door — updated as new data is published.
Somerset at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 27% in 5 years
The federal house price index for the ZIP codes around Somerset rose 27% over the past 5 years, slower than across Maryland (40%). Last year prices fell 3.7%. Carrying the Census median home value forward with that index puts the typical Somerset home at roughly $2,247,000 today.
Show as a table
| Year | Change that year | Since 2000 | Maryland since 2000 |
|---|---|---|---|
| 2025 | −3.7% | +174% | +168% |
| 2024 | +1.3% | +185% | +161% |
| 2023 | +17% | +181% | +148% |
| 2022 | +4.2% | +140% | +135% |
| 2021 | +6.3% | +130% | +110% |
| 2020 | −3.3% | +116% | +92% |
| 2019 | +3.2% | +124% | +87% |
| 2018 | −1.9% | +117% | +82% |
| 2017 | +3.3% | +121% | +77% |
| 2016 | +2.4% | +114% | +72% |
| 2015 | +3.1% | +109% | +68% |
| 2014 | +2.1% | +103% | +64% |
| 2013 | +3.6% | +99% | +59% |
| 2012 | +0.9% | +92% | +56% |
| 2011 | −0.3% | +90% | +59% |
| 2010 | +0.5% | +91% | +66% |
| 2009 | −2.6% | +90% | +75% |
| 2008 | −2.3% | +95% | +97% |
| 2007 | +0.6% | +99% | +110% |
| 2006 | +7.2% | +98% | +107% |
| 2005 | +24% | +85% | +84% |
| 2004 | +12% | +49% | +50% |
| 2003 | +7.3% | +34% | +28% |
| 2002 | +12% | +25% | +18% |
| 2001 | +11% | +11% | +7.9% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 20815, 20816, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Somerset and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Somerset | — | −3.7%† | $2,700 | $250,001 |
| Bethesda | $1.12M | +0.7% | $3,080 | $192,237 |
| Friendship Heights Village | — | −3.8%† | $2,680 | $119,384 |
† FHFA price index change, where Zillow has no home value for the town.
7.1 years of income
The typical Somerset home costs about 7.1 years of the town's median household income, more than across Maryland (4.1 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,700
HUD's Fair Market Rent for a two-bedroom in Somerset is $2,700 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Somerset pay a median of $3,501. A two-bedroom takes about 13% of the town's median household income.
Studio $2,340 · 4 bedrooms $4,000
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (20815, 20816; Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.