Somers, CT—06071
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Somers, CT
As of Oct '25, the median home price in Somers, CT is $455,000, with a year-over-year change of 3.7%. This indicates that home prices in Somers, CT 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 | $455,000 | 3.7% |
| Single Family | $452,000 | 3.7% |
| Condos | $489,000 | 5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $389,000 | 2.9% |
3 Bed | $425,000 | 3.2% |
4 Bed | $513,000 | 3.8% |
| 5 Bed | $577,000 | 2.1% |
% of Housing Stock
Rental Trends — Somers, CT
Somers, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,400 | $2,400 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | $2,850 | $2,850 |
% of Rental Stock
Property Listings — Somers, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Somers, CT is 38. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $567,000 | -3.0% |
Listing Count | 28 | 5.0% |
| Listings as % of Homes | 0.9% | 5.0% |
Days on Market | 38 | 29.0% |
Demographics — Somers, CT
As of the latest ACS Survey released in 2023, Somers, CT has a population of 10,600, which has decreased by -6.5% over the past 5 years. Somers, CT is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | -6.5% |
% Under 18 | 21.5% | 30.3% |
% Seniors | 20.1% | 0.5% |
% WFH | 15.5% | 187.0% |
% w/ College Degree | 37.2% | 7.8% |
As of the latest ACS Survey released in 2023, Somers, CT is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Somers, CT is hispanic, making up 5.6% of the population. Foreign-born residents account for 4.1% of the population in Somers, CT, and this percentage has decreased by 24.1% 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 | 84.0% | -0.6% |
% Black | 4.5% | -33.8% |
% Hispanic | 5.6% | -8.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.1% | -24.1% |
Mortgage and Risk — Somers, CT
According to HUD data as of 2023, there were 192 mortgage originations in Somers, CT, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Somers, CT. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 192 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Somers, CT
As of 2024, the percent of homes in Somers, CT under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Somers, CT, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,140 | $2,400 | $1,260 |
| 2 Bedroom | $200 | $1,400 | $1,600 |
| 3 Bedroom | -$270 | $2,200 | $1,930 |
| 4 Bedroom | -$560 | $2,850 | $2,290 |
Affordability — Somers, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $455,000 |
| Median Household Income | $116,000 |