Somers, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Somers Housing Market Information

With a population of 10,784, 3,466 total housing units (homes and apartments), and a median house value of $342,461, Somers real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Somers, accounting for 91.66% of the town's housing units. Other types of housing that are prevalent in Somers include duplexes, homes converted to apartments or other small apartment buildings ( 4.45%), row houses and other attached homes ( 2.06%), and a few large apartment complexes or high rise apartments ( 1.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Somers. Owner-occupied housing accounts for 73.21% of Somers's homes, and 77.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Somers built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Somers built between 1940-1969 ( 27.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.76%). There's also some housing in Somers built before 1939 ( 11.56%).

Somers Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Somers, where house values have increased just 3.63%, which is annualized rate of 0.36%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Somers appreciation rates have trailed the rest of the nation. In the last twelve months, Somers's appreciation rate has been 3.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Somers were at 1.72%, which equates to an annual appreciation rate of 7.07%.

Relative to Connecticut, our data show that Somers's latest annual appreciation rate is higher than 60% of the other cities and towns in Connecticut.

Average Home Values

 
info

Median Home Value:
$342,461

Somers, CT HOME PRICES

> $1,094,000
1.4%
1.4%
$821,001 - $1,094,000
0.3%
0.3%
$547,001 - $821,000
7.6%
7.6%
$438,001 - $547,000
14.4%
14.4%
$328,001 - $438,000
32.4%
32.4%
$219,001 - $328,000
35.2%
35.2%
$109,001 - $219,000
7.1%
7.1%
$55,001 - $109,000
0.0%
0.0%
$0 - $55,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CT

Value Relative To Nation

Number Of Homes And Apartments:
3,466

Somers Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
46.57% 1.86%
7
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,530 / per month

Homeownership Rate

Owners
73.2%
73.2%
Renters
26.8%
26.8%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
13.8%
13.8%
1970 - 1999
46.7%
46.7%
1940 - 1969
28.0%
28.0%
1939 or Older
11.6%
11.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.7%
91.7%
Townhomes
2.1%
2.1%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
1.8%
1.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
3.9%
3.9%
2 Bedrooms
13.5%
13.5%
3 Bedrooms
48.3%
48.3%
4 Bedrooms
28.9%
28.9%
5 or more bedrooms
5.2%
5.2%
0.0% 100.0%
% OF HOMES