Market Overview
Home Prices in Somerset, VA
The median home value in Somerset, VA is $344,603 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and down 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Somerset are priced16% below average.
Over the past five years, Somerset home values have risen by approximately6.4%, reflecting steady appreciation in this market.
Price History
Somerset Home Price Trend
2020
$261,529
$262K
—
2021
$323,740
$324K
+23.8%
2022
$345,297
$345K
+6.7%
2023
$354,712
$355K
+2.7%
2024
$353,221
$353K
-0.4%
2025
$337,294
$337K
-4.5%
2026
$344,603
$345K
+2.2%
City Comparison
Somerset vs. National Median
🏠 Somerset
$344,603
National Median
$410,000
At $344,603, homes in Somerset cost 16% below the national median of $410,000. This makes Somerset a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Somerset?
20% Down Payment
$68,921
on $344,603
Monthly P&I
$1,797/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,282/mo
incl. taxes & insurance
Income Needed
$91,280
gross annual (30% rule)
10% Down Option
$34,460
+ PMI applies
Loan Amount (20% dn)
$275,682
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, VA?
The median home value in Somerset is $344,603 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Somerset?
Over the past year, home values in Somerset have increased by 2.2%. Over five years, prices have risen approximately 6.4%.
How much do I need to earn to buy a home in Somerset?
To comfortably afford the median home price of $344,603 with a 20% down payment ($68,921) at today's rates (6.8%), you'd need a gross annual income of approximately $91,280. 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 $344,603, homes in Somerset are 16% below the national average.