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Somers

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

Median Home$260,694
Median Rent$1,476/month
Population7,831
Leading IndustriesProfessional Services · Transportation · Finance & Insurance5% professional services
Home Value Growth⬆⬆+17.6% over 2 years
Young Adults34% of residentswell above average
Homeowners61% of occupied units
NotableTransit86/100 · excellent transit access
NotableAmenity Score69/100 · highly walkable area
Somers
WI

Frequently Asked Questions

What are today's mortgage rates in Somers?

As of today, the 30-year fixed mortgage rate for Somers is approximately 6.883% (6.919% 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 $261k. The median monthly rent is $1,476. 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 17.6% 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 $1,306/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 $78k/year.

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What industries drive the economy in Somers?

The largest employment sectors in Somers are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.