Somerset County, Maryland Housing Market
In Somerset County, Maryland, the median home value is $173,200, with a median monthly rent of $1,013. This places Somerset County at #1733 nationally out of 3134 counties by median home value, and #23 within Maryland.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $987
- Establishments: 422
- BLS QCEW, 2025
Housing Supply
- Single-family: 35
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,899 (avg $54,087)
- Outflow: 7,410 (avg $53,777)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Somerset County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 21817 | 218.6 | +11.74% | 2025 |
| 2 | 21851 | 235.7 | +9.88% | 2025 |
| 3 | 21853 | 236.0 | +3.92% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Somerset County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Somerset County →How Somerset County Compares
| Metric | Somerset County | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $173,200 | $370,016 | $227,706 |
| Median Gross Rent | $1,013 | $1,459 | $968 |
| Owner Occupancy Rate | 73.1% | 72.7% | 73.3% |
| Price/Rent Ratio | 14.2 | 21.1 | 18.7 |
Market Analysis
The median home value in Somerset County is 53.2% below the Maryland state average and 23.9% below the U.S. national average. The median rent of $1,013/month is 30.6% below the state average.
With a price-to-rent ratio of 14.2, buying a home in Somerset County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Somerset County has an owner-occupancy rate of 73.1%, compared to 72.7% in Maryland and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Darke County | Ohio | $173,200 | $779 |
| Washington County | Oklahoma | $173,200 | $907 |
| Overton County | Tennessee | $173,200 | $832 |
| Florence County | Wisconsin | $173,200 | $750 |
| O'Brien County | Iowa | $173,100 | $868 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Allegany County | $154,900 | $805 | 70.7% |
| Baltimore city | $229,600 | $1,331 | 47.5% |
| Garrett County | $235,300 | $765 | 79.7% |
| Wicomico County | $254,700 | $1,327 | 62.3% |
| Dorchester County | $262,400 | $1,032 | 65.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).