Land and home values in Somerset, NJ
Somerset is a census-designated community in Somerset County, New Jersey, home to about 22,720 people. Residential land runs about $21.30 per sq ft, the typical home is worth about $533,000, and a 2-bedroom rents for about $2,810 a month, as of October 12, 2026.
Open on the satellite mapAsk us on WhatsAppValues in Somerset
| Land: residential | $21.30 | per sq ft |
| Land: residential | $927,828 | per acre |
| Land: quarter-acre lot | $231,957 | 10,890 sq ft |
| Home: typical (median) | $533,000 | value |
| Home: entry-level | $425,000 | lower quartile |
| Home: upper-end | $644,000 | upper quartile |
| Build new | $179 | per sq ft, no land |
| Rent: 1-bedroom | $2,250 | per month |
| Rent: 2-bedroom | $2,810 | per month |
| Rent: 3-bedroom | $3,390 | per month |
| Rent: 4-bedroom | $3,750 | per month |
| Gross yield, 2-bed | 6.3% | a year |
Questions people ask
How much is land worth in Somerset, NJ?
Residential land in Somerset, NJ is about $21.30 per square foot, or $927,828 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $231,957. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Somerset, NJ?
The typical (median) home in Somerset, NJ is worth about $533,000, with entry-level homes around $425,000 and upper-end homes around $644,000, as of October 2026.
How much is rent in Somerset, NJ?
A 2-bedroom rents for about $2,810 a month in Somerset, NJ, a 1-bedroom about $2,250 and a 3-bedroom about $3,390 (gross rent including utilities, HUD Fair Market Rent basis).
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.