Somers, WI—53144
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Somers, WI
As of Oct '25, the median home price in Somers, WI is $309,000, with a year-over-year change of 4.5%. This indicates that home prices in Somers, WI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $309,000 | 4.5% |
| Single Family | $323,000 | 5.6% |
| Condos | $270,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $234,000 | 4.5% |
3 Bed | $326,000 | 5.5% |
4 Bed | $428,000 | 6.7% |
| 5 Bed | $456,000 | 6.3% |
% of Housing Stock
Rental Trends — Somers, WI
As of July '25, Rentcast reports the average rent in Somers, WI is $1,480, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Somers, WI is studios: $950, 1-bedrooms: $1,250, 2-bedrooms: $1,410, 3-bedrooms: $1,800. The most common rental property sizes in Somers, WI are 2-bedroom and 1-bedroom, accounting for 44.5% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,460 | $1,480 |
| Studio Rent | $950 | $950 |
| 1 Bed Rent | $1,120 | $1,250 |
| 2 Bed Rent | $1,480 | $1,410 |
| 3 Bed Rent | $1,900 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Somers, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Somers, WI is 30. This is a decrease of -2.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $366,000 | 7.0% |
Listing Count | 40 | -38.0% |
| Listings as % of Homes | 0.3% | -38.0% |
Days on Market | 30 | -2.0% |
Demographics — Somers, WI
As of the latest ACS Survey released in 2023, Somers, WI has a population of 26,500, which has decreased by -2.7% over the past 5 years. Somers, WI is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,500 | -2.7% |
% Under 18 | 22.9% | -8.4% |
% Seniors | 11.5% | 3.6% |
% WFH | 8.5% | 240.0% |
% w/ College Degree | 31.6% | 21.5% |
As of the latest ACS Survey released in 2023, Somers, WI is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Somers, WI is hispanic, making up 18.5% of the population. Foreign-born residents account for 8.7% of the population in Somers, WI, and this percentage has decreased by 5.4% 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 | 64.4% | -2.9% |
% Black | 9.7% | -20.5% |
% Hispanic | 18.5% | 1.1% |
% Asian | 2.5% | 92.3% |
% Foreign Born | 8.7% | -5.4% |
Mortgage and Risk — Somers, WI
According to HUD data as of 2023, there were 426 mortgage originations in Somers, WI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Somers, WI. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 426 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Somers, WI
Somers, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 514 |
Total Units Section 8 | 499 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,120 | $1,080 |
| 2 Bedroom | -$70 | $1,480 | $1,410 |
| 3 Bedroom | -$10 | $1,900 | $1,890 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Somers, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $309,000 |
| Median Household Income | $71,100 |