House Prices & Home Values Somerset, IN 2026
Average Data
| average house price | $134,900 |
| average size per house | 2234 ft² |
| average price per ft² | 61 $ / ft² |
06/25/2026 -
The value range (VR) for house prices in Somerset, IN is $60/ sqft to $60/ sqft. An average home with 2234 sqft costs approximately $134,040 to $134,040. Somerset, IN includes 1 ZIP codes and it is located in Wabash county.
The lowest prices are found in ZIP 46984, while the highest are in ZIP 46984. The average price per sqare feet is $61. Our analysis is based on 1 property listings.
Avergage prices by ZIP codes Somerset
Historical development of home values in Somerset
| Year |
Estimated value (USD) |
Change vs. 2025 |
| 2010 |
$62,650 |
-53.6% |
| 2011 |
$60,227 |
-55.4% |
| 2012 |
$60,065 |
-55.5% |
| 2013 |
$62,310 |
-53.8% |
| 2014 |
$65,409 |
-51.5% |
| 2015 |
$68,766 |
-49.0% |
| 2016 |
$72,354 |
-46.4% |
| 2017 |
$76,259 |
-43.5% |
| 2018 |
$80,476 |
-40.3% |
| 2019 |
$84,207 |
-37.6% |
| 2020 |
$88,560 |
-34.4% |
| 2021 |
$100,728 |
-25.3% |
| 2022 |
$117,426 |
-13.0% |
| 2023 |
$123,831 |
-8.2% |
| 2024 |
$130,995 |
-2.9% |
| 2025 |
$134,900 |
0.0% |
Graph: estimated home values in Somerset over time (USD)
Example: 100% financing house in Somerset
Loan amount:
$134,900
Interest rate:
6.00%
Fixed monthly payment:
$808.79
Breakdown in the 1st month:
Interest portion:
$674.50 –
Principal portion:
$134.29
Yearly breakdown (100% financing)
| Year |
Interest per year ($) |
Principal per year ($) |
Remaining balance at year-end ($) |
| 1 |
$8,048.94 |
$1,656.59 |
$133,243.41 |
| 2 |
$7,946.76 |
$1,758.76 |
$131,484.65 |
| 3 |
$7,838.28 |
$1,867.24 |
$129,617.41 |
| 4 |
$7,723.12 |
$1,982.41 |
$127,635.00 |
| 5 |
$7,600.85 |
$2,104.68 |
$125,530.33 |
| 6 |
$7,471.04 |
$2,234.49 |
$123,295.84 |
| 7 |
$7,333.22 |
$2,372.31 |
$120,923.53 |
| 8 |
$7,186.90 |
$2,518.63 |
$118,404.91 |
| 9 |
$7,031.55 |
$2,673.97 |
$115,730.94 |
| 10 |
$6,866.63 |
$2,838.89 |
$112,892.04 |
| 11 |
$6,691.53 |
$3,013.99 |
$109,878.05 |
| 12 |
$6,505.64 |
$3,199.89 |
$106,678.17 |
| 13 |
$6,308.28 |
$3,397.25 |
$103,280.92 |
| 14 |
$6,098.74 |
$3,606.78 |
$99,674.13 |
| 15 |
$5,876.28 |
$3,829.24 |
$95,844.89 |
| 16 |
$5,640.10 |
$4,065.42 |
$91,779.47 |
| 17 |
$5,389.36 |
$4,316.17 |
$87,463.30 |
| 18 |
$5,123.14 |
$4,582.38 |
$82,880.92 |
| 19 |
$4,840.51 |
$4,865.01 |
$78,015.91 |
| 20 |
$4,540.45 |
$5,165.07 |
$72,850.84 |
| 21 |
$4,221.88 |
$5,483.64 |
$67,367.19 |
| 22 |
$3,883.66 |
$5,821.86 |
$61,545.33 |
| 23 |
$3,524.58 |
$6,180.94 |
$55,364.39 |
| 24 |
$3,143.35 |
$6,562.17 |
$48,802.22 |
| 25 |
$2,738.61 |
$6,966.91 |
$41,835.31 |
| 26 |
$2,308.91 |
$7,396.61 |
$34,438.69 |
| 27 |
$1,852.70 |
$7,852.82 |
$26,585.87 |
| 28 |
$1,368.36 |
$8,337.17 |
$18,248.70 |
| 29 |
$854.14 |
$8,851.38 |
$9,397.32 |
| 30 |
$308.21 |
$9,397.32 |
$0.00 |
Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment
over the entire term. Extra payments, interest rate changes, and additional purchase costs
(e.g. taxes, notary fees) are not included.
How to sell in Somerset, IN
| 1500 sqft | 3900 sqft |
| Ø selling price | $110,716 | $235,522 | | Ø fast selling | $100,651 | $211,969 | | Ø high price sale | $120,781 | $259,074 |
In 2026, houses in Somerset, IN will be offered at an average price of $61 per square foot. A 1,500 sqft home priced at $110,716 is 21.05% more expensive per square foot than a 3,900 sqft home priced at $235,522.
Home prices in Somerset, IN vary significantly depending on the neighborhood and location.
For a quick sale, a 2,700 sqft home should be listed at around $163,053.
Sellers who can wait longer may achieve a higher price of up to $199,288.
Discover Somerset, Indiana
Overview
Somerset, Indiana is a small unincorporated community in Wabash County known for its close connection to Mississinewa Lake.
Set amid rolling farmland and hardwood forests, the area offers a peaceful rural atmosphere within driving distance of Wabash and Marion.
Travelers reach Somerset, IN via Indiana State Road 13 and nearby routes that link to major corridors across north-central Indiana.
History and Outdoor Recreation
The community?s modern location arose in the 1960s when the U.S. Army Corps of Engineers built the Mississinewa Dam, prompting the relocation of the original town from the river valley.
Today, Mississinewa Lake is a centerpiece for boating, fishing, kayaking, and seasonal wildlife viewing across thousands of acres of water and public land.
Nearby trails and recreation areas invite hikers, campers, and birders to explore the Upper Wabash Reservoirs region throughout the year.
When water levels drop, history-minded visitors sometimes spot remnants of old Somerset sites and cemeteries, adding a contemplative note to lakeside exploration.
Living and Visiting
Residents enjoy a friendly, close-knit environment with local churches, seasonal events, and easy access to services in surrounding towns.
Real estate in and around Somerset, IN ranges from country homes and lake-access properties to agricultural acreage, appealing to those seeking space and scenic views.
Whether you are planning a weekend getaway or researching a move, Somerset offers a quiet base with small-town charm, abundant outdoor recreation, and convenient proximity to regional attractions.
FAQ – Home Values in Somerset
What is the median home value in Somerset in 2026?
In 2026, the typical home value in
Somerset is about
$134,900 for an average home size of
2234 square feet. This corresponds to an average
price of roughly $61 per square foot.
What is the average cost per square foot in Somerset?
In 2026, homes in
Somerset sell for an average of around
$61 per square foot, with a typical range
between $60 and
$60 per square foot, depending on the property’s
location, condition, and lot size.
What is the average home size in ?
The average home size in Somerset is about
2234 square feet, with an estimated
2026 value around
$134,900.
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