What is the Best Neighborhoods USA ranking for Somerset?
Somerset is ranked #122 of 202 eligible neighborhoods in Columbus; #268 of 481 eligible neighborhoods in OH; and #9,965 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Somerset
Columbus, OH | Franklin County
Scored premium profile
Best Neighborhoods USA Index
43.2
Stability and Strength
34.1
Value Opportunity
42.0
Momentum
59.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Columbus, OH |
| County | Franklin County |
| National rank | #9,965 of 14,967 |
| State rank | #268 of 481 |
| City rank | #122 of 202 |
| County rank | #134 of 215 |
| National percentile | 33.4 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $323,739 |
| Year-over-year home value change | 1.6% |
| Month-over-month home value change | 0.13% |
| Home value to income ratio | 5.48 |
| Median household income | $59,046 |
| Bachelor's degree or higher | 27.9% |
| Civilian unemployment rate | 5.8% |
| Homeownership rate | 23.9% |
| Housing vacancy rate | 5.0% |
| Rent burden 30% or higher | 54.7% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Somerset
Is Somerset one of the best neighborhoods in Columbus?
Somerset has a Best Neighborhoods USA Index of 43.2 and a city ranking of #122 of 202 eligible neighborhoods in Columbus.
How much are homes worth in Somerset?
The current Zillow Home Value Index for Somerset is approximately $323,739.
Are home values rising or falling in Somerset?
Zillow neighborhood values changed 1.6% year over year and 0.13% month over month.
What is the Neighborhood Momentum Score for Somerset?
Somerset has a Neighborhood Momentum Score of 59.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Somerset?
The NDS-derived neighborhood median household income is approximately $59,046.
How affordable is Somerset relative to household income?
The current Zillow home-value-to-household-income ratio is 5.48. Price-to-income affordability is a major Value Opportunity input.
Is Somerset primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 23.9%.
What is the unemployment rate in Somerset?
The NDS-derived civilian unemployment rate is approximately 5.8%.
How educated are residents of Somerset?
Approximately 27.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Somerset face high rent burden?
Approximately 54.7% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Somerset?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications196
Estimated originations105
Home-purchase applications55
Origination rate53.5%
Home-purchase share28.0%
Average application loan$840,294
Total application loan amount$165,063,350
National application rank#2,114 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 3.7% YoY; originations 15.5% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.