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 9,843 people, 3,430 houses or apartments, and a median cost of homes of $486,309, 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 91.89% of the town's housing units. Other types of housing that are prevalent in Somers include duplexes, homes converted to apartments or other small apartment buildings ( 3.49%), large apartment complexes or high rise apartments ( 2.35%), and a few row houses and other attached homes ( 2.10%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Somers. Owner-occupied housing accounts for 78.55% of Somers's homes, and 78.10% have either three or four bedrooms, which is average sized relative to America.
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 1940-1969 ( 29.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.90%). There's also some housing in Somers built before 1939 ( 9.77%).
Somers's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Somers during the period has been just 4.73%, which is lower than 80% of US communities.
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 8.56%, which is higher than appreciation rates in 76.35% 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 2.73%, which equates to an annual appreciation rate of 11.36%.
Relative to Connecticut, our data show that Somers's latest annual appreciation rate is lower than 50% of the other cities and towns in Connecticut.
$486,309
for Connecticut
for nation
3,430
$2,254 / per month