A typical Somerset home is worth about $224,000
Up 6.3% in a year, 23% below the Pennsylvania typical home.
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The short version on homes in Somerset
Cheaper than Pennsylvania, but not next to local paychecks
Homes here cost less than the Pennsylvania typical home, but incomes are lower still. A typical Somerset home costs 4.8 years of the median income, against 3.7 across Pennsylvania. At Somerset’s median household income of $47,000, the calculator below reaches about $165K, $59K short of the typical home. Can I afford it? ↓
Very little new building
Somerset permitted 24 new homes over the past 10 years, about 0.4 a year per 1,000 residents. Across Pennsylvania, the pace in 2025 was 2. In 2025, Somerset permitted 1. New homes ↓
Fewer people, more homes
Between the 2010 and 2020 censuses, Somerset lost 229 residents while 37 new homes were permitted. New homes ↓
Written from the data on this page. Home values are the Zillow Home Value Index; permits are Census figures through 2025; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
Home values since 2024
Typical home value by month.
Show as a table
| January | Somerset | Pennsylvania |
|---|---|---|
| 2024 | $206,000 | $268,000 |
| 2025 | $208,000 | $280,000 |
| 2026 | $218,000 | $287,000 |
| August 2026 | $224,000 | $290,000 |
A typical Somerset home worth $206K in January 2024 is worth about $224K today.
How Somerset ranks on rising home prices →
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A typical home costs 4.8 years of income
More than across Pennsylvania (3.7 years). Try your own numbers below.
That’s $59K short of a typical Somerset home.
A two-bedroom rents for about $970 a month here, $510 less than owning.
How Somerset ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Somerset’s typical property tax (1.67% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Renters already here pay a median of $678, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Pittsburgh, PA HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
1 new home permitted in 2025
Builders were permitted 1 new home in Somerset in 2025. That's 0.2 per 1,000 residents, slower than across Pennsylvania (2). Over the past 10 years, Somerset has permitted 24 homes in all.
Between the 2010 and 2020 censuses, Somerset's population fell by 229 even though 37 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Pennsylvania: 1.4 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $357,000 |
| 2025 | 1 | 1 | 0 | $357,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 1 | 1 | 0 | $301,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 6 | 6 | 0 | $1.5 million |
| 2017 | 8 | 8 | 0 | $2 million |
| 2016 | 8 | 8 | 0 | $2 million |
| 2015 | 6 | 6 | 0 | $1.4 million |
| 2014 | 2 | 2 | 0 | $368,000 |
| 2013 | 2 | 2 | 0 | $368,000 |
| 2012 | 2 | 2 | 0 | $368,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 3 | 3 | 0 | $318,000 |
| 2009 | 1 | 1 | 0 | $213,000 |
| 2008 | 23 | 23 | 0 | $2.4 million |
| 2007 | 11 | 11 | 0 | $1,000,000 |
| 2006 | 4 | 4 | 0 | $498,000 |
| 2005 | 13 | 13 | 0 | $2.8 million |
| 2004 | 9 | 9 | 0 | $763,000 |
| 2003 | 3 | 3 | 0 | $285,000 |
| 2002 | 15 | 11 | 4 | $876,000 |
| 2001 | 18 | 18 | 0 | $1.1 million |
| 2000 | 13 | 13 | 0 | $916,000 |
How Somerset ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
57% of Somerset households own their home
Half of Somerset’s homes were built before 1964.
Pennsylvania: 69% own.
U.S. Census Bureau, American Community Survey 2020-2024.
On the market in Somerset
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Somerset buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. The calculator is an estimate, not a loan offer.