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City · 18,298 residents · Bristol County, Massachusetts

Somerset , Massachusetts

In Somerset, a typical home is worth $418,800 and typical rent is $1,271 a month. Compared with all of Bristol County, typical household income is 32% higher, the typical home value is 7% lower, and the share of households that own their home is 25 points higher.

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  • Typical home value

    $418,800

    7% below the county

    25% below Massachusetts

    • Somerset
    • Bristol
    • Massachusetts

  • Typical rent

    $1,271a month

    2% above the county

    28% below Massachusetts

    • Somerset
    • Bristol
    • Massachusetts

  • Typical household income

    $112,677a year

    32% above the county

    8% above Massachusetts

    • Somerset
    • Bristol
    • Massachusetts

  • Households that own their home

    87%

    25 points above the county

    24 points above Massachusetts

    • Somerset
    • Bristol
    • Massachusetts

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$510,036
3% more than 12 months ago
Typical rent
$2,000 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Somerset is in Bristol County. The FHA loan limit ($787,750 for a one-unit home), the fair market rents and the help on this page are those of all of Bristol County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Somerset apart

What this place has that others do not, from public data, most unusual first.

  1. 87% of households in Somerset own their home, against 62% in Bristol County.

  2. The typical household income in Somerset is $112,677, 32% more than in Bristol County as a whole ($85,625).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Somerset

What homes there are in Somerset, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Somerset, 8 in 10 homes are single-family detached houses; in Bristol County, 5.

Year built

In Somerset, half of the homes were built before 1962; in Bristol County, before 1964.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,347 a month

Bristol County: $2,394 a month

Without a mortgage

$955 a month

Bristol County: $886 a month

Owners with a mortgage

61%

Bristol County: 66%

The typical cost for an owner with a mortgage in Somerset is $2,347 a month, near the figure in Bristol County ($2,394).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Bristol County, the typical home value in Somerset rose 50% since 2015–2019.

Rents in Somerset rose more slowly than in Bristol County: 12% since 2015–2019, against 38%.

The typical household income in Somerset rose 34% over that time; home values changed +50% and rent +12%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSomersetBristol CountyMassachusettsUnited States
Rental vacancy Unreliable estimate2.1%3.5%5.5%
Homeowner vacancy Unreliable estimate0.3%0.6%0.9%
More than one person per room Unreliable estimate2.1%2.3%3.4%
People per household 2.432.432.442.53
Drive alone 84%75%61%69%
Carpool 3%9%7%9%
Public transit Unreliable estimate2%7%3%
Walk or bike Unreliable estimate2%5%3%
Work from home 12%11%19%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

A household in Somerset has 2.43 people on average, about the same as in Bristol County (2.43).

To get to work, 84% of workers in Somerset drive alone; in Bristol County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Somerset?

A typical home costs more than the typical income allows

We start with a typical home in Somerset, worth $418,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Somerset, which is $112,677 a year. For that payment to be 28% of income, a household would need to earn about $152,604 a year.

The calculator's FHA and conventional loan limits are those of all of Bristol County.

Your numbers

Local data
$

Starts at the typical home value in Somerset. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,658 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,561

at 7.18% · 30 years

Loan amount
$411,214
Total interest
$591,641
Paid off in
November 2056

Includes $7,072 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,629 a month

  • Tight

    $2,629 to $3,380 a month

  • Hard

    more than $3,380 a month

    Your payment · 38%

Compared with the typical household income in Somerset ($112,677 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,561
Principal & interest$2,786
Property tax$415
Home insurance$175
FHA mortgage insurance (MIP)$185

You need at least $14,658 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Somerset and Bristol County

Somerset is in Bristol County, Massachusetts. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Somerset's own numbers

Typical home value
$418,800
Typical monthly rent
$1,271
Typical yearly household income
$112,677
Households that own their home
87%
Effective property tax rate
1.19%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Bristol County

FHA limit, one-unit home
$787,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,668–$2,589
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
2.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Bristol County.

Everything about Bristol County

Buying

Buying a home in Somerset

A typical home in Somerset is worth $418,800: 7% below the county and 25% below Massachusetts. With the typical household income in Somerset ($112,677 a year), a typical home costs 3.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Somerset 3.7 years
  • Bristol 5.3 years
  • Massachusetts 5.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Bristol County

According to FHFA’s house price index, home prices in Bristol County rose 93% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Bristol County.

Period County Massachusetts U.S.
Last year (2025) +4.1% +3.7% +2.9%
5 years (2020–2025) +53% +49% +47%
10 years (2015–2025) +93% +87% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Somerset next to Bristol County, Massachusetts and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Somerset $418,800
  • Bristol $451,200
  • Massachusetts $562,100
  • United States $332,700
Typical monthly rent
  • Somerset $1,271
  • Bristol $1,245
  • Massachusetts $1,762
  • United States $1,413
Typical yearly household income
  • Somerset $112,677
  • Bristol $85,625
  • Massachusetts $103,960
  • United States $80,734
See the full table
Somerset next to Bristol County and Massachusetts
Measure Somerset Bristol County Massachusetts U.S.
Typical home value $418,800 $451,200 $562,100 $332,700
Typical monthly rent $1,271 $1,245 $1,762 $1,413
Typical yearly household income $112,677 $85,625 $103,960 $80,734
Households that own their home 87% 62% 63% 65%
Typical yearly property tax $4,977 $4,807 $5,992 $3,119
Effective property tax rate 1.19% 1.07% 1.07% 0.94%
Renters with high rent for their income 58% 52% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bristol County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Somerset

For a typical $418,800 home in Somerset, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Somerset's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,561a month

    Least cash to close
    Down payment
    $14,658
    Cash to close
    $27,222
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $185

  • Conventional, 5% down $3,484a month

    Down payment
    $20,940
    Cash to close
    $33,504
    Rate
    7.18%
    Mortgage insurance
    PMI · $199

  • Conventional, 20% down, no PMI $2,859a month

    Down payment
    $83,760
    Cash to close
    $96,324
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,247a month

    Down payment
    $62,820
    Cash to close
    $75,384
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Somerset and for Bristol County.

Property tax

Effective rate in Somerset

1.19%of the home’s value each year

$4,977 a year for the typical owner in Somerset.

  • Somerset 1.19%
  • Bristol 1.07%
  • Massachusetts 1.07%

What Massachusetts publishes Local senior exemption (clause 41C) (Massachusetts General Court (General Laws))

Exemptions and deadlines in Massachusetts

Flood risk in Bristol County

FEMA does not publish these numbers by city: they are for all of Bristol County.

Homes in the high-risk zone
2.9%
3,805
Of those, with NFIP insurance
56%
County Massachusetts U.S.
Homes in the high-risk zone 2.9% 3% 3.5%
Of those, with NFIP insurance 56% 50% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Somerset

Typical rent in Somerset is $1,271 a month: 2% above the county. In Somerset, 58% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for each area of Bristol County; Somerset is in Providence-Fall River, RI-MA HUD Metro FMR Area. To pay the 2-bedroom one ($1,879 a month) without spending more than 30% of your income, you would need to earn $36.13 an hour working full time.

Fair market rent by size in Providence-Fall River, RI-MA HUD Metro FMR Area

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,423 $27.37 $56,920
1 bedroom $1,509 $29.02 $60,360
2 bedrooms $1,879 $36.13 $75,160
3 bedrooms $2,302 $44.27 $92,080
4 bedrooms $2,615 $50.29 $104,600

HUD splits this county into 4 areas with different fair market rents: for 2 bedrooms they run from $1,668 to $2,589. The table by area, below, shows which one each town is in.

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Fair market rent by HUD area in Bristol County

HUD splits this county into 4 areas, each with its own fair market rent. Find your town in its area's list; the housing agency tells you which one it uses for your voucher.

HUD area Studio1 bd2 bd3 bd4 bdHourly wage, 2 bd
Providence-Fall River, RI-MA HUD Metro FMR Area The area where most people liveSomerset is in this area
8 towns in this area

Attleboro city, Fall River city, North Attleborough Town city, Rehoboth town, Seekonk town, Somerset town, Swansea town, Westport town

 $1,423$1,509$1,879$2,302$2,615$36.13
New Bedford, MA HUD Metro FMR Area
5 towns in this area

Acushnet town, Dartmouth town, Fairhaven town, Freetown town, New Bedford city

 $1,297$1,305$1,668$1,987$2,524$32.08
Taunton-Mansfield-Norton, MA HUD Metro FMR Area
5 towns in this area

Berkley town, Dighton town, Mansfield town, Norton town, Taunton city

 $1,517$1,666$2,179$2,596$2,864$41.90
Easton-Raynham, MA HUD Metro FMR Area
2 towns in this area

Easton town, Raynham town

 $1,971$2,209$2,589$3,085$3,651$49.79

HUD fair market rent by area and size, per month, Fiscal year 2027. The wage is what full-time work must pay to rent 2 bedrooms without spending more than 30% of income. Source: HUD, Fiscal year 2027 Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

By ZIP code

Fair market rent by ZIP code in Somerset

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Somerset has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,790 in 02725 to $1,890 in 02726.

  • 02725 $1,790$2,200
  • 02726 $1,890$2,320

A ZIP code counts for Somerset when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Somerset

HUD lists one building with rents for lower incomes in Somerset.

  • Somerset North Farm LP 3200 County St, Somerset 90 low-income homes · 1 bd: 72 · 2 bd: 18 · In service since 1999

See all 125 buildings in Bristol County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Somerset

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Bristol County; 1 says it serves in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Somerset

No down payment, repair or rent-help program on our list is for Somerset or Bristol County. The ones below are statewide in Massachusetts: they work in Somerset the same as in the rest of the state.

Which programs do I qualify for? All programs in Massachusetts

  • MassHousing Down Payment Assistance

    Statewide in Massachusetts

    Massachusetts state agency second mortgage for the down payment: up to $30,000 at 0% and deferred, or up to $25,000 at 2% or 3% over 15 years, for first-time buyers with eligible income. Offered by MassHousing.

    DeferredRepayable

    See the program Official page

Housing counselors near Somerset

The HUD-approved agencies closest to the center of Somerset, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Catholic Social Services - Fall River

    1600 Bay St, Fall River · 4 miles away · Spanish

    Also serves in Portuguese.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (508) 674-4681

  • Quincy Community Action Programs, Inc.

    1509 Hancock St, Quincy · 36 miles away

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 5 more
    (617) 479-8181

  • Neighborhood Housing Services of the South Shore DBA Neighborworks Housing Solutions

    422 Washington St, Quincy · 36 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (617) 770-2227

Every agency in Bristol County All counseling agencies in Massachusetts

Help in Spanish near Somerset

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Somerset

In HUD’s record, no housing authority with an office in Bristol County is named for Somerset or Bristol County.

9 other authorities have an office in Bristol County: see the list Source: HUD

Cities

Other cities in Bristol County

These cities are also in Bristol County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Bristol County Housing in Massachusetts

Nearby cities

The cities closest to Somerset, with the typical home value.

Neighboring counties

If Bristol County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Somerset.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Somerset

Short answers with the numbers for Somerset and all of Bristol County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Somerset?

The typical home value in Somerset is $418,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bristol County it is $451,200.

How much does it cost to rent in Somerset?

Typical rent in Somerset is $1,271 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bristol County is $1,668–$2,589.

What is the FHA loan limit in Somerset?

Somerset uses the FHA limit for all of Bristol County (2026): $787,750 for a one-unit home and $1,514,950 for a four-unit home.

How much property tax do owners pay in Somerset?

The typical homeowner in Somerset pays $4,977 a year, according to the U.S. Census Bureau. That is 1.19% of the home’s value; in Bristol County, the rate is 1.07%.

Where can I find free help to buy or rent in Somerset?

There is 1 HUD-approved counseling agency with an office in Bristol County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).