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Somers

Learn about the people, housing, costs and businesses in Somers, Montana

Median Home$647,117
Median Rent$1,174/month
Population1,061
Leading IndustriesEducation · Healthcare · Public Administration3% education
Home Value Growth⬆⬆⬆+50.5% over 2 years
Retirees22% of residentsnear the national average
Homeowners71% of occupied units
Somers
MT

Frequently Asked Questions

What are today's mortgage rates in Somers?

As of today, the 30-year fixed mortgage rate for Somers is approximately 6.937% (6.975% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Somers?

The median home value in Somers is $647k. The median monthly rent is $1,174. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Somers?

Home values in Somers have increased 50.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Somers?

Based on a typical all-in ownership cost of $1,313/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Somers is $68k/year.

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What industries drive the economy in Somers?

The largest employment sectors in Somers are public administration (27%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.