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Somerton

Learn about the people, housing, costs and businesses in Somerton, Arizona

Median Home$246,130
Median Rent$818/month
Population14,316
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade15% construction
Home Value Growth⬆⬆+17.3% over 2 years
Young Adults33% of residentswell above average
Homeowners74% of occupied units
NotableTransit80/100 · excellent transit access
Somerton
AZ

Frequently Asked Questions

What are today's mortgage rates in Somerton?

As of today, the 30-year fixed mortgage rate for Somerton is approximately 6.994% (7.034% 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 Somerton?

The median home value in Somerton is $246k. The median monthly rent is $818. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Somerton?

Home values in Somerton have increased 17.3% 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 Somerton?

Based on a typical all-in ownership cost of $933/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Somerton is $70k/year.

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What industries drive the economy in Somerton?

The largest employment sectors in Somerton are public administration (17%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.