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 a population of 8,140, 3,267 total housing units (homes and apartments), and a median house value of $405,235, 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 48.93% of the village's housing units. Other types of housing that are prevalent in Somers include large apartment complexes or high rise apartments ( 30.42%), duplexes, homes converted to apartments or other small apartment buildings ( 8.90%), and a few row houses and other attached homes ( 6.27%).
People in Somers primarily live in small (one, two or no bedroom) single-family detached homes. Somers has a mixture of owner-occupied and renter-occupied housing.
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 ( 27.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.71%). There's also some housing in Somers built before 1939 ( 12.25%).
Appreciation rates for homes in Somers have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.76%, which ranks in the top 40% nationwide. This equates to an annual average Somers house appreciation rate of 7.27%.
Appreciation rates are so strong in Somers that despite a nationwide downturn in the housing market, Somers real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Somers appreciation rates continue to be some of the highest in America, at 10.28%, which is higher than appreciation rates in 83.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Somers. Somers appreciation rates in the latest quarter were at 2.27%, which equates to an annual appreciation rate of 9.38%.
Relative to Wisconsin, our data show that Somers's latest annual appreciation rate is higher than 90% of the other cities and towns in Wisconsin.
$405,235
for Wisconsin
for nation
3,267
$2,672 / per month