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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 10,279 people, 3,340 houses or apartments, and a median cost of homes of $418,357, 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 91.53% 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 ( 3.45%), large apartment complexes or high rise apartments ( 2.42%), and a few row houses and other attached homes ( 2.37%).
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 74.55% of Somers's homes, and 73.99% 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 ( 30.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.54%). There's also some housing in Somers built before 1939 ( 11.21%).
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 36.43%, which is annualized rate of 3.16%. 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 8.76%, 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 0.16%, which equates to an annual appreciation rate of 0.66%.
Relative to Connecticut, our data show that Somers's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.
$418,357
for Connecticut
for nation
3,340
$1,852 / per month