Market Overview
Home Prices in Somers Point, NJ
The median home value in Somers Point, NJ is $438,234 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Somers Point are priced7% above average. Somers Point is part of the Atlantic City-Hammonton, NJ metro area.
Over the past five years, Somers Point home values have risen by approximately58.8%, reflecting strong long-term appreciation in this market.
Price History
Somers Point Home Price Trend
City Comparison
Somers Point vs. National Median
At $438,234, homes in Somers Point cost 7% above the national median of $410,000. Buyers in Somers Point should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Somers Point?
20% Down Payment
$87,647
on $438,234
Monthly P&I
$2,286/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,903/mo
incl. taxes & insurance
Income Needed
$116,120
gross annual (30% rule)
10% Down Option
$43,823
+ PMI applies
Loan Amount (20% dn)
$350,587
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 Somers Point, NJ?
The median home value in Somers Point is $438,234 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Somers Point?
Over the past year, home values in Somers Point have increased by 4%. Over five years, prices have risen approximately 58.8%.
How much do I need to earn to buy a home in Somers Point?
To comfortably afford the median home price of $438,234 with a 20% down payment ($87,647) at today's rates (6.8%), you'd need a gross annual income of approximately $116,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Somers Point compare to the national average home price?
The national median home value is approximately $410,000. At $438,234, homes in Somers Point are 7% above the national average.
What metro area is Somers Point part of?
Somers Point is part of the Atlantic City-Hammonton, NJ metropolitan area. Home prices and market conditions can vary across the broader metro region.