Somerset, MA—02726
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Somerset, MA
Home Price Trends — Somerset, MA
As of Oct '25, the median home price in Somerset, MA is $500,000, with a year-over-year change of 2.1%. This indicates that home prices in Somerset, MA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $500,000 | 2.1% |
| Single Family | $501,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $440,000 | 1.4% |
3 Bed | $497,000 | 1.6% |
4 Bed | $557,000 | 1.8% |
| 5 Bed | $614,000 | 0.8% |
% of Housing Stock
Rental Trends — Somerset, MA
As of July '25, Rentcast reports the average rent in Somerset, MA is $2,370, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Somerset, MA is 2-bedrooms: $1,920, 3-bedrooms: $2,600. The most common rental property sizes in Somerset, MA are 2-bedroom and 1-bedroom, accounting for 41.3% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,920 | $1,920 |
| 3 Bed Rent | $2,400 | $2,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Somerset, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Somerset, MA is 36. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $586,000 | 16.0% |
Listing Count | 18 | -23.0% |
| Listings as % of Homes | 0.2% | -23.0% |
Days on Market | 36 | -10.0% |
Demographics — Somerset, MA
As of the latest ACS Survey released in 2023, Somerset, MA has a population of 15,900, which has remained stable by 1.0% over the past 5 years. Somerset, MA is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | 1.0% |
% Under 18 | 19.2% | 2.1% |
% Seniors | 25.9% | 15.1% |
% WFH | 9.5% | 280.0% |
% w/ College Degree | 37.0% | 38.1% |
As of the latest ACS Survey released in 2023, Somerset, MA is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Somerset, MA is asian, making up 2.8% of the population. Foreign-born residents account for 6.9% of the population in Somerset, MA, and this percentage has decreased by 4.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.4% | -6.4% |
% Black | 0.2% | 100.0% |
% Hispanic | 2.1% | 250.0% |
% Asian | 2.8% | 833.3% |
% Foreign Born | 6.9% | -4.2% |
Mortgage and Risk — Somerset, MA
According to HUD data as of 2023, there were 406 mortgage originations in Somerset, MA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Somerset, MA. Investor activity is low, as 0.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 406 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Somerset, MA
Somerset, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,440 |
| 2 Bedroom | -$160 | $1,920 | $1,760 |
| 3 Bedroom | -$280 | $2,400 | $2,120 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Somerset, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $500,000 |
| Median Household Income | $110,000 |