Somerset, OH housing market
The typical Somerset home is worth about $305,000, up 1.1% in a year, 23% above the Ohio typical home.
Home values, sales, trends and how Somerset compares with the towns next door — updated as new data is published.
Somerset at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Somerset | Ohio |
|---|---|---|
| 2017 | $149,000 | $133,000 |
| 2018 | $156,000 | $141,000 |
| 2019 | $164,000 | $150,000 |
| 2020 | $175,000 | $158,000 |
| 2021 | $199,000 | $178,000 |
| 2022 | $229,000 | $195,000 |
| 2023 | $251,000 | $211,000 |
| 2024 | $279,000 | $224,000 |
| 2025 | $301,000 | $237,000 |
| 2026 | $301,000 | $245,000 |
| August 2026 | $305,000 | $249,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Somerset in 2025. That's 0.8 per 1,000 residents, slower than across Ohio (3.3). Over the past 10 years, Somerset has permitted 8 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $400,000 |
| 2025 | 1 | 1 | 0 | $400,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 5 | 1 | 4 | $450,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 2 | 2 | 0 | $300,000 |
| 2015 | 2 | 2 | 0 | $300,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 2 | 2 | 0 | $320,000 |
| 2007 | 1 | 1 | 0 | $160,000 |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 2 | 2 | 0 | $150,000 |
| 2004 | 2 | 2 | 0 | $240,000 |
| 2003 | 4 | 4 | 0 | $100,000 |
| 2002 | 3 | 3 | 0 | $349,000 |
| 2001 | 3 | 3 | 0 | $390,000 |
| 2000 | 3 | 3 | 0 | $390,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
5.5 years of income
The typical Somerset home costs about 5.5 years of the town's median household income, more than across Ohio (3.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,090
HUD's Fair Market Rent for a two-bedroom in Somerset is $1,090 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Somerset pay a median of $819, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $880 · 4 bedrooms $1,600
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (43783; Perry County, OH 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, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.