Market Overview
Home Prices in Somerset, CO
The median home value in Somerset, CO is $487,977 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Somerset are priced19% above average.
Price History
Somerset Home Price Trend
2024
$466,175
$466K
—
2025
$481,487
$481K
+3.3%
2026
$487,977
$488K
+1.3%
City Comparison
Somerset vs. National Median
🏠 Somerset
$487,977
National Median
$410,000
At $487,977, homes in Somerset cost 19% above the national median of $410,000. Buyers in Somerset should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Somerset?
20% Down Payment
$97,595
on $487,977
Monthly P&I
$2,545/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,232/mo
incl. taxes & insurance
Income Needed
$129,280
gross annual (30% rule)
10% Down Option
$48,798
+ PMI applies
Loan Amount (20% dn)
$390,382
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Somerset, CO?
The median home value in Somerset is $487,977 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Somerset?
Over the past year, home values in Somerset have increased by 1.3%.
How much do I need to earn to buy a home in Somerset?
To comfortably afford the median home price of $487,977 with a 20% down payment ($97,595) at today's rates (6.8%), you'd need a gross annual income of approximately $129,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Somerset compare to the national average home price?
The national median home value is approximately $410,000. At $487,977, homes in Somerset are 19% above the national average.