Real Estate Market Update for Somerset, NJ
Map Information for Somerset, NJ
Area Information for Somerset, NJ
  • Population: 50,441
  • Median Age: 38.41 yr
  • Median Commute Time: 23.46 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 1,563/sq mi
  • Population Change Since 2000: 21.45%
  • Closest Airport: Newark Liberty International
  • Closest College: Somerset Christian College
  • Closest Jr. College: Middlesex County College
  • Median Household Income: $88,414
  • Annual Residential Turnover: 15.64%
  • Median Years in Residence: 3.88 yr
  • Median Home Sales Price: $272,697
  • Closest Major Sports Team: Trenton Thunder
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Somerset, NJ
Median Age: 38.41 Married: 37% Number of Households: 18,984 Households with Children: 6,068
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Somerset, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Franklin Twp High School 1.3 mi Public 9-12 2 3
      Sampson G smith School 1.9 mi Public 5-6 2 4
      Elite Prepartory Academy 2.0 mi Private PRESCHOOL-2 0 0
      New Road School Of Somerset 2.0 mi Private 7-12 0 5
      Cedar Hill Prep School 2.1 mi Private PRESCHOOL-8 0 5
      Community Baptist Christian Academy 2.6 mi Private PRESCHOOL-2 0 3
      St Matthias Elementary School 2.9 mi Catholic PRESCHOOL-8 0 4
      Elizabeth Avenue Elementary School 3.0 mi Public PRESCHOOL-4 1 4
      Somerset Bible Baptist Christian Academy 3.1 mi Private K-12 0 5
      Macafee Elementary School 3.1 mi Public PRESCHOOL-4 2-5 5
      The Crestwood School 3.2 mi Private PRESCHOOL-1 0 0
      Conerly Road Elementary School 3.3 mi Public PRESCHOOL-4 2 5
      Somerset Presbyterian Nursery School 3.4 mi Private PRESCHOOL-K 0 0
      Rutgers Preparatory School 3.6 mi Private PRESCHOOL-12 0 4
      Franklin Middle School 3.8 mi Public 7-8 2 3
      Hillcrest Elementary School 4.0 mi Public PRESCHOOL-4 1 0
      Little Children Of God Preschool & Kindergarten 4.1 mi Private PRESCHOOL-K 0 0
      The Academy Of Elcc 4.2 mi Private PRESCHOOL-K 0 0
      Pine Grove Manor Elementary School 4.5 mi Public PRESCHOOL-4 1 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Somerset, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.