Rental market snapshot for Somerset, New Jersey

Somerset, New Jersey Rental Property Market Overview

Somerset, New Jersey is a vibrant and diverse community located in Somerset County. According to the US Census, the population of Somerset, New Jersey in 2021 is estimated to be 22,945. This population is made up of a variety of different backgrounds and cultures, making it a great place to live and work. Somerset is home to a variety of businesses, restaurants, and entertainment venues, making it a great place to visit and explore. With its diverse population and vibrant atmosphere, Somerset is a great place to call home. (US Census, 2021)

The average rent for an apartment in Somerset is $2,459. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Somerset New Jersey | Cost of Living

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Somerset ZIP codes with the highest, most expensive rent

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Live near Somerset, New Jersey's Top Sights and Attractions

Inman Park is a beautiful outdoor attraction located in Somerset, New Jersey. It features a large lake with a picturesque fountain, a walking path, and plenty of lush greenery. There are also plenty of benches and picnic tables for visitors to enjoy a peaceful lunch or snack. The park also has a playground for children, as well as a variety of sports courts and fields. Inman Park is a great place to spend a day outdoors, enjoying the fresh air and beautiful scenery.

Conservation Land is a nature preserve located in Somerset, New Jersey. It is a great spot for outdoor activities such as hiking, biking, fishing, and bird watching. The preserve is home to a variety of wildlife, including deer, foxes, and birds. There are also several trails that wind through the area, providing visitors with the opportunity to explore the natural beauty of the area. The preserve also offers educational programs and activities for children and adults alike.

Harry Dunham Park is a beautiful outdoor attraction located in Somerset, New Jersey. It features a variety of activities for visitors to enjoy, including a large playground, a walking trail, a pond, and a picnic area. The park also has a variety of sports fields, including baseball, softball, and soccer fields. The park is a great place to spend a day outdoors, with plenty of space to explore and relax.

Quail Brook Park Playground is a family-friendly outdoor destination located in Somerset, New Jersey. It features a large playground with a variety of play structures, swings, and slides, as well as a picnic area with tables and benches. The park also has a walking path, basketball court, and a large open field perfect for playing games or flying kites. There is plenty of shade from the surrounding trees, making it a great spot to spend a sunny day.

Castleton Park is a sprawling outdoor area located in Somerset, New Jersey. It features a variety of recreational activities, including a large playground, a walking trail, a pond, and a picnic area. There is also a basketball court, a baseball field, and a soccer field. The park is surrounded by lush trees and shrubs, providing a peaceful and serene atmosphere. Visitors can also enjoy the scenic views of the nearby mountains.

Dunham Lebed Park is a beautiful outdoor space located in Somerset, New Jersey. It features a large pond with a fountain, a playground, and plenty of open green space for picnicking, playing sports, and relaxing. There is also a walking path that winds around the pond, providing a peaceful and scenic stroll. The park is well-maintained and provides a great place for families to spend time together.

Girard Park is a beautiful outdoor space located in Somerset, New Jersey. It features a large lake, a playground, and plenty of green space for picnicking and relaxing. There are also walking trails, a gazebo, and a fishing pier. The park is a great spot for bird watching, as it is home to a variety of species. Visitors can also enjoy a variety of activities, such as boating, kayaking, and canoeing. The park also hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movies.

Arlington Park is a family-friendly outdoor attraction located in Somerset, New Jersey. It features a variety of activities, including mini-golf, batting cages, go-karts, bumper boats, and an arcade. There is also a snack bar and picnic area for visitors to enjoy. The park is open seasonally and offers special events throughout the year, such as fireworks displays and holiday celebrations.

Recreation Space is an outdoor recreational area located in Somerset, New Jersey. It features a variety of activities for all ages, including a large playground, walking trails, picnic areas, and a basketball court. The park also has a pond, which is stocked with fish, and a variety of wildlife can be seen throughout the area. There are also several pavilions for hosting events and gatherings.

Rutgers Heights Park is a scenic outdoor destination located in Somerset, New Jersey. It features a variety of recreational activities, including a playground, picnic area, basketball court, and walking paths. The park also offers stunning views of the surrounding area, with its lush green lawns, tall trees, and colorful flower beds. Visitors can also enjoy a variety of wildlife, including birds, squirrels, and other small animals. Whether you're looking for a peaceful place to relax or a fun spot to play, Rutgers Heights Park is the perfect spot for a day of outdoor fun.

Somerset, New Jersey area median rent change by ZIP code map

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How does Somerset compare to other cities in New Jersey?

citymedian price
Moorestownship$2,775
Chesilhurst$2,500
Eveshamship$2,200
Franklinship$2,195
Lodi$2,000
Elizabeth$1,800

Average household income in Somerset area graph - US Census

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The median household income in Somerset in 2021 was $101,627. This represents a 15.1% change from 2011 when the median was $88,321.

#categorypercent
0Less than $10,0005.2%
1$10,000 to $14,9991.2%
2$15,000 to $19,9992.7%
3$20,000 to $24,9991.7%
4$25,000 to $29,9991.0%
5$30,000 to $34,9993.0%
6$35,000 to $39,9992.6%
7$40,000 to $44,9992.8%
8$45,000 to $49,9991.9%
9$50,000 to $59,9995.5%
10$60,000 to $74,99910.7%
11$75,000 to $99,99914.9%
12$100,000 to $124,99911.9%
13$125,000 to $149,9998.7%
14$150,000 to $199,99915.2%
15$200,000 or more10.9%

Neighborhoods in Somerset

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Somerset is $2,459.
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