Home prices
The median home cost in Somerset is $172,600. This is about $82,900 (32%) lower in comparison to its nearby areas.Compared to the country as a whole it is roughly $44,900 (20%) lower, and in comparison to the city of Minneapolis is about $79,000 (31%) lower.
Rents
Somerset's median monthly rent is $960. It is roughly $151 (13%) lower compared to the surrounding areas.It is roughly $102 (9%) lower in comparison to the entire country, and it is approximately $67 (6%) lower compared to the city of Minneapolis.
Nearby places
New Richmond
New Richmond is roughly 5 miles east from Somerset. The housing prices there are similar. New Richmond's median home value is $180,100, which works out to $7,500 (4%) higher than Somerset. The rent there is a little less expensive. New Richmond's median rent is $835 per month, which is $125 (14%) lower than Somerset.
Marine on St. Croix
Marine on St. Croix is roughly 6 miles northwest of Somerset. Its real estate prices are substantially more expensive. Marine on St. Croix's median home cost is $397,100, which works out to $224,500 (56%) higher than Somerset. The rent there is somewhat more expensive. The median monthly rent in Marine on St. Croix is $1,286, which is $326 (25%) higher than Somerset.
Star Prairie
Star Prairie is roughly 7 miles northeast of Somerset. The real estate prices there are a bit less expensive. Star Prairie's median home price is $163,500, which works out to $9,100 (5%) lower than Somerset. The rent there is a bit less expensive. In Star Prairie the median rent is $781 a month, which is $179 (22%) lower than Somerset.
Stillwater
Stillwater is about 7 miles southwest from Somerset. Real estate prices there are significantly more expensive. The median home in Stillwater is valued at $291,400, which comes out to $118,800 (40%) higher than Somerset. Its rents are a bit more expensive. In Stillwater the median monthly rent is $1,014, which comes out to $54 (5%) higher than Somerset.
Oak Park Heights
Oak Park Heights is about 8 miles southwest of Somerset. Real estate prices there are a little more expensive. The median home in Oak Park Heights costs $245,400, which is $72,800 (29%) higher than Somerset. Its rents are a lot more expensive. Oak Park Heights's median rent is $1,641 per month, which works out to $681 (41%) higher than Somerset.
