Market Overview
Home Prices in Somerset Center, MI
The median home value in Somerset Center, MI is $352,597 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 6.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Somerset Center are priced14% below average. Somerset Center is part of the Hillsdale, MI metro area.
Over the past five years, Somerset Center home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Somerset Center Home Price Trend
City Comparison
Somerset Center vs. National Median
At $352,597, homes in Somerset Center cost 14% below the national median of $410,000. This makes Somerset Center a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Somerset Center?
20% Down Payment
$70,519
on $352,597
Monthly P&I
$1,839/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,336/mo
incl. taxes & insurance
Income Needed
$93,440
gross annual (30% rule)
10% Down Option
$35,260
+ PMI applies
Loan Amount (20% dn)
$282,078
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 Center, MI?
The median home value in Somerset Center is $352,597 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Somerset Center?
Over the past year, home values in Somerset Center have increased by 1.5%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Somerset Center?
To comfortably afford the median home price of $352,597 with a 20% down payment ($70,519) at today's rates (6.8%), you'd need a gross annual income of approximately $93,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Somerset Center compare to the national average home price?
The national median home value is approximately $410,000. At $352,597, homes in Somerset Center are 14% below the national average.
What metro area is Somerset Center part of?
Somerset Center is part of the Hillsdale, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.