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 8,330, 3,337 total housing units (homes and apartments), and a median house value of $318,121, 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 59.73% of the village's housing units. Other types of housing that are prevalent in Somers include large apartment complexes or high rise apartments ( 19.72%), duplexes, homes converted to apartments or other small apartment buildings ( 8.56%), and a few row houses and other attached homes ( 8.22%).
The most prevalent building size and type in Somers are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.05% owning and 37.95% renting.
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 ( 21.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.33%). There's also some housing in Somers built before 1939 ( 15.43%).
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 74.74%, which ranks in the top 50% nationwide. This equates to an annual average Somers house appreciation rate of 5.74%.
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 8.09%, 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 -0.52%, which equates to an annual appreciation rate of -2.08%.
Relative to Wisconsin, our data show that Somers's latest annual appreciation rate is lower than 90% of the other cities and towns in Wisconsin.
$318,121
for Wisconsin
for nation
3,337
$2,177 / per month