Home prices
The median home in Somers Point costs $221,500. In comparison to the surrounding areas this is roughly $270,860 (55%) lower.Compared to the rest of the country it is approximately $4,000 (1%) higher, and it is roughly $384,500 (63%) lower compared to the city of New York.
Rents
Somers Point's median monthly rent is $1,156. Compared to other places in this area this is approximately $375 (24%) lower.Compared to the entire country it is roughly $94 (8%) higher, and compared to the city of New York it is roughly $287 (19%) lower.
Nearby places
Linwood
Linwood is Somers Point's neighbor to the northeast. Its housing prices are a little more expensive. The median home cost in Linwood is $290,000, which is $68,500 (23%) higher than Somers Point. Rents there are somewhat more expensive. Linwood's median rent is $1,583 a month, which comes out to $427 (26%) higher than Somers Point.
Ocean City
Ocean City is Somers Point's neighbor to the south. The housing prices there are substantially more expensive. The median home in Ocean City is valued at $574,100, which works out to $352,600 (61%) higher than Somers Point. Rents there are a bit more expensive. Ocean City's median monthly rent is $1,264, which comes out to $108 (8%) higher than Somers Point.
Longport
Longport is roughly 3 miles east of Somers Point. The housing prices there are substantially more expensive. The price of the median home in Longport is $890,900, which is $669,400 (75%) higher than Somers Point. Rent there is a lot more expensive. The median monthly rent in Longport is $1,773, which is $617 (34%) higher than Somers Point.
Northfield
Northfield is about 4 miles northeast of Somers Point. The housing prices there are fairly similar. The cost of the median home in Northfield is $223,100, which is very similar to Somers Point. Rents there are significantly more expensive. In Northfield the median rent is $1,720 per month, which is $564 (32%) higher than Somers Point.
Margate City
Margate City is approximately 4 miles east of Somers Point. Its housing prices are significantly more expensive. The cost of the median home in Margate City is $483,700, which comes out to $262,200 (54%) higher than Somers Point. Rent there is a little more expensive. Margate City's median rent is $1,315 a month, which comes out to $159 (12%) higher than Somers Point.
