Somerset Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    2
    30-day change

Somerset Schools and Demographics

Education near Somerset, MI

City County
High School Graduates 91.59 87.77
College Degree - 2 year 11.35 8.64
College Degree - 4 year 25.82 16.77
Graduate Degree 5.89 4.41
Expenditures per Student 18,775 10,818
Students per Teacher 17.4 17.4

Elementary Schools near Somerset, MI

Grades Students P/T Ratio ZIP
Addison Elementary School KG - 05 400 16.1 49220
North Adams-Jerome Elementary School PK - 05 130 15.5 49262

Middle Schools near Somerset, MI

Grades Students P/T Ratio ZIP
Addison Middle School 06 - 08 181 16.6 49220
Hanover-Horton Middle School 06 - 08 275 17.7 49246

High Schools near Somerset, MI

Grades Students P/T Ratio ZIP
Addison High School 09 - 12 270 20 49220
Hanover-Horton High School 09 - 12 394 20 49246
Hanover-Horton Virtual School 08 - 12 19 111.8 49246
North Adams-Jerome Middle/High School 06 - 12 194 20.1 49262

Ungraded Schools near Somerset, MI

Grades Students P/T Ratio ZIP
Columbia Alternative Education 06 - 12 80 19.9 49234

Demographics near Somerset, MI

City County
Neighborhood Type
Population 4,563 45,909
Population Density 137 77
Median Age 51.1 42
People per Household 2.3 2.5
Median Household Income 57,228 46,160
Average Income per Capita 31,678 23,831

Somerset Real Estate

The median home value in Somerset, MI is $108,300. This is lower than the county median home value of $123,100. The national median home value is $219,700. The average price of homes sold in Somerset, MI is $108,300. Approximately 69.51% of Somerset homes are owned, compared to 10.84% rented, while 19.65% are vacant. Somerset real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Somerset real estate agent to arrange a tour today!

Somerset, Michigan has a population of 4,563. Somerset is less family-centric than the surrounding county with 21.36% of the households containing married families with children. The county average for households married with children is 27.66%.

The median household income in Somerset, Michigan is $57,228. The median household income for the surrounding county is $46,160 compared to the national median of $57,652. The median age of people living in Somerset is 51.1 years.

Somerset Weather

The average high temperature in July is 82.4 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 35.4 inches per year, with 38.2 inches of snow per year.