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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Somers, NY Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Somers, NY Housing Market Trends

With a population of 7,225, 3,225 total housing units (homes and apartments), and a median house value of $558,800, real estate costs in Somers are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Row houses and other attached homes are the single most common housing type in Somers, accounting for 61.72% of the town's housing units. Other types of housing that are prevalent in Somers include single-family detached homes ( 32.04%), duplexes, homes converted to apartments or other small apartment buildings ( 5.96%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Dwellings in Somers tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 65.28% of the homes in Somers have two or fewer bedrooms.

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 2000 and later ( 14.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.57%). There's also some housing in Somers built before 1939 ( 2.19%).

Vacant housing appears to be an issue in Somers. Fully 11.92% of the housing stock is classified as vacant. Left unchecked, vacant Somers homes and apartments can be a drag on the real estate market, holding Somers real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 41.04%, which is annualized rate of 3.50%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Somers's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Somers's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New York, our data show that Somers's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

Median Home Value

$558,800

Somers, NY Home Prices
> $1,222,000
$917,001 - $1,222,000
$611,001 - $917,000
$489,001 - $611,000
$367,001 - $489,000
$244,001 - $367,000
$122,001 - $244,000
$61,001 - $122,000
$0 - $61,000
1.5%
1.5%
6.5%
6.5%
37.3%
37.3%
22.5%
22.5%
14.2%
14.2%
7.0%
7.0%
5.1%
5.1%
2.1%
2.1%
3.7%
3.7%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

3,225

Somers Appreciation Rates

Rent & Ownership

Average Market Rent:

$6,261 / per month

Homeownership Rate

Owners
Renters
85.5%
85.5%
14.5%
14.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.9%
11.9%
88.1%
88.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.1%
14.1%
73.2%
73.2%
10.6%
10.6%
2.2%
2.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
32.0%
32.0%
61.7%
61.7%
6.0%
6.0%
0.3%
0.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
17.2%
17.2%
47.8%
47.8%
19.6%
19.6%
14.0%
14.0%
1.1%
1.1%
0% 100.0%
% of Homes