Somerset County, NJ Average Home Price (2026)
The average home price in Somerset County, New Jersey is about $727,000 (the 2026 median across 23 ZIP codes, at ~$356/sq ft) — 27% more expensive than the New Jersey median and 152% more expensive than the typical U.S. home.
How Somerset County compares
Somerset County is relatively expensive for housing nationally: its typical home costs $727,000 against $573,000 for New Jersey and $289,000 for the U.S. Within the county, ZIP-level values run from about $418,000 to $2,168,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Somerset County | $727,000 | $356 |
| New Jersey | $573,000 | $327 |
| United States | $289,000 | $193 |
Somerset County home prices by ZIP code
The 15 most valuable ZIP codes in Somerset County (of 23 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 07977 Peapack | $2,168,000 | $1141 | +198% |
| 07931 Far Hills | $1,436,000 | $356 | +98% |
| 07059 Warren Township | $1,135,000 | $409 | +56% |
| 07069 Watchung | $1,080,000 | $329 | +49% |
| 08558 Skillman | $1,041,000 | $381 | +43% |
| 07934 Far Hills | $1,026,000 | $540 | +41% |
| 07924 Bernardsville | $1,022,000 | $431 | +41% |
| 08502 Belle Mead | $1,006,000 | $368 | +38% |
| 07920 Basking Ridge | $928,000 | $402 | +28% |
| 08836 Bridgewater Township | $876,000 | $420 | +20% |
| 08853 Branchburg Township | $867,000 | $340 | +19% |
| 08553 Rocky Hill | $727,000 | $373 | +0% |
| 08807 Bridgewater Township | $722,000 | $362 | -1% |
| 08844 Hillsborough Township | $672,000 | $322 | -8% |
| 08876 Somerville | $599,000 | $348 | -18% |
Home value appreciation in Somerset County
Home prices in Somerset County have risen about 73% over the last 10 years (≈5.6% a year) and +55.5% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +6.3% — still rising. A home worth $727,000 today was worth roughly $421,449 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, New Jersey is +87.7% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Somerset County
Run the numbers for Somerset County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Somerset County
To buy the typical $727,000 home in Somerset County with 20% down, you need a household income of roughly $198,000 a year (about $4,620 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $235,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $36,400 | $5,740/mo | $246,000/yr |
| 10% (+PMI) | $72,700 | $5,480/mo | $235,000/yr |
| 20% | $145,400 | $4,620/mo | $198,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Somerset County
At about $356 per square foot, here is roughly how much home different budgets get you in Somerset County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $400k | 1120 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1400 sq ft | below the local median — condos, smaller or older homes |
| $600k | 1690 sq ft | around the typical home here |
| $750k | 2110 sq ft | around the typical home here |
| $1.00M | 2810 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to New Jersey.
Estimate a specific home in Somerset County
Enter your ZIP and size for an instant estimate tailored to your exact area:
Somerset County home prices: frequently asked
What is the average home price in Somerset County, NJ? +
What salary do you need to buy a house in Somerset County? +
Which part of Somerset County is most expensive? +
Are home values in Somerset County going up? +
Browse all New Jersey cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.