Home Values

Somerset Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median rent price in Somerset is $1,200, which is lower than the Providence Metro median of $1,340.

Foreclosures will be a factor impacting home values in the next several years. In Somerset 1.8 homes are foreclosed (per 10,000). This is lower than the Providence Metro value of 5.0 and also lower than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Somerset is 7.6%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Somerset homeowners underwater on their mortgage is 15.2%, which is lower than Providence Metro at 16.2%.

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Relative ZHVI
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Somerset Market Overview

  • No data
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Somerset Market Health

Data through Jun 30, 2015
  • No recent data
  • No data Average days on Zillow
  • 15.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Somerset
5 Providence Metro
4 United States
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Nearby Cities

Name Median ZHVI
Rehoboth $325,900
Berkley $291,800
Dighton $271,100
Name Median ZHVI
Bristol $267,500
North Westport $235,100
Town of Tiverton $232,300
Name Median ZHVI
Warren $226,400
Swansea $223,400
Fall River $183,400

Listings & Sales

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Somerset Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,470 Somerset
    $1,553 Providence Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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