Foreclosure Homes in Somerset, NJ 08823

Current Market Conditions in Somerset, NJ

The real estate market in Somerset is experiencing a trend of steady appreciation, with home values rising due to its desirable location and quality of life. Properties are in high demand, particularly among families looking for more space and good schools.

Investors are taking notice of Somerset's potential, with increased interest in residential properties, making it a competitive market. However, there are still opportunities for new investments with careful research and consideration.

Rent Prices In Somerset, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Somerset, NJ, is on a rollercoaster ride. The average rent price in Somerset, NJ, is $2,312.00. Indeed, when looking to rent in Somerset, NJ, you can expect to pay as little as $1,180.00 or as much as $6,160.00, with the average rent median estimated to be $2,250.00. The good news is that finding an affordable and desirable property to rent in Somerset, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.