Land and home values in Somerset County, New Jersey
Somerset County (metro core, New York-Newark-Jersey City, NY-NJ) covers 302 square miles and 74 census tracts. Residential land is about $25.70 per sq ft at the county median, from $16.80 in its most rural tracts to $43.70 in its most valuable. The typical home is worth about $651,000 and a 2-bedroom rents for about $2,680 a month, as of October 12, 2026.
Open on the satellite mapAll of New JerseyCounty values
| Land: residential | $25.70 | per sq ft |
| Land: residential | $1.12M | per acre |
| Land: quarter-acre lot | $279,873 | 10,890 sq ft |
| Land: farmland | $25,900 | per acre |
| Home: typical (median) | $651,000 | value |
| Home: entry-level | $483,000 | lower quartile |
| Home: upper-end | $841,000 | upper quartile |
| Build new | $179 | per sq ft, no land |
| Rent: 1-bedroom | $2,150 | per month |
| Rent: 2-bedroom | $2,680 | per month |
| Rent: 3-bedroom | $3,240 | per month |
| Rent: 4-bedroom | $3,590 | per month |
| Gross yield, 2-bed | 4.9% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Upper | 19 | $38.30 | $1.03M | $2,800 |
| Mid | 23 | $27.80 | $717,000 | $2,960 |
| Entry | 32 | $21.20 | $494,000 | $2,560 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Cherry Valley Country Club | Subdivision | $56.20 | $1.03M |
| Fellowship Village | Subdivision | $52.60 | $1.12M |
| Bedens Brook Farms | Subdivision | $50.50 | $967,000 |
| Liberty Corner | Community | $50.30 | $1.44M |
| Princeton Gardens | Subdivision | $44.90 | $935,000 |
| The Cedars Basking Ridge | Subdivision | $44.50 | $886,000 |
| The Ridge | Subdivision | $44.40 | $809,000 |
| Planters Row | Subdivision | $42.40 | $922,000 |
Questions people ask
How much is land worth in Somerset County, NJ?
Residential land in Somerset County, NJ is about $25.70 per square foot, or $1.12M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $279,873. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Somerset County, NJ?
The typical (median) home in Somerset County, NJ is worth about $651,000, with entry-level homes around $483,000 and upper-end homes around $841,000, as of October 2026.
How much is rent in Somerset County, NJ?
A 2-bedroom rents for about $2,680 a month in Somerset County, NJ, a 1-bedroom about $2,150 and a 3-bedroom about $3,240 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Somerset County, NJ?
Farmland averages about $25,900 an acre in Somerset County, NJ (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.