Somerset, WI—54025
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Somerset, WI
As of Oct '25, the median home price in Somerset, WI is $407,000, with a year-over-year change of 2.7%. This indicates that home prices in Somerset, WI are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $407,000 | 2.7% |
| Single Family | $411,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $278,000 | 1.8% |
3 Bed | $367,000 | 1.7% |
4 Bed | $433,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Somerset, WI
As of July '25, Rentcast reports the average rent in Somerset, WI is $1,730, with a year-over-year rent change of 15.3%. Per bedroom, the median rent as of July '25 in Somerset, WI is 2-bedrooms: $1,460, 3-bedrooms: $1,920, 4-bedrooms: $2,320. The most common rental property sizes in Somerset, WI are 2-bedroom and 3-bedroom, accounting for 52.3% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,550 | $1,460 |
| 3 Bed Rent | $1,900 | $1,920 |
| 4 Bed Rent | $2,200 | $2,320 |
% of Rental Stock
Property Listings — Somerset, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Somerset, WI is 47. This is a decrease of -3.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $426,000 | -5.0% |
Listing Count | 40 | -5.0% |
| Listings as % of Homes | 1.2% | -5.0% |
Days on Market | 47 | -3.0% |
Demographics — Somerset, WI
As of the latest ACS Survey released in 2023, Somerset, WI has a population of 7,500, which has increased by 1.8% over the past 5 years. Somerset, WI is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,500 | 1.8% |
% Under 18 | 23.2% | -12.8% |
% Seniors | 16.3% | 45.5% |
% WFH | 9.6% | 128.6% |
% w/ College Degree | 23.7% | -6.7% |
As of the latest ACS Survey released in 2023, Somerset, WI is a predominantly white area, with 91.8% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Somerset, WI is hispanic, making up 2.0% of the population. Foreign-born residents account for 2.0% of the population in Somerset, WI, and this percentage has decreased by 60.8% 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 | 91.8% | 1.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.0% | -52.4% |
% Asian | 1.4% | -36.4% |
% Foreign Born | 2.0% | -60.8% |
Mortgage and Risk — Somerset, WI
According to HUD data as of 2023, there were 227 mortgage originations in Somerset, WI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Somerset, WI. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 227 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Somerset, WI
Somerset, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | -$90 | $1,550 | $1,460 |
| 3 Bedroom | $70 | $1,900 | $1,970 |
| 4 Bedroom | $40 | $2,200 | $2,240 |
Affordability — Somerset, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $407,000 |
| Median Household Income | $95,600 |